ECB governing council member and BOF governor out on Reuters

  • determination to meet inflation is strong and we have a wide range of tools at our disposal
  • ECB decisions are made to meet inflation target

A rehash of old mantra. Surely they've moved on a little since Thursday?

  • priority is financing the real economy
  • ECB watching for any emergence of financial bubbles
  • France has no time to lose on making reforms

Another swipe at govt from a central banker.

Meanwhile the BOF reports a net 2015 profit of €2.22bln, up +8% vs 2014

  • profit rises amid increased balance sheet due to QE
  • BOF purchased €125bln in assets for mon pol operations in 2015
  • added €500m to 2015 risk provision vs €590m in 2014