ECB chief economist Praet still speaking 1 July

  • Governing Council also aware of unintended consequences and is closely monitoring
  • red tape on firms likely to increase
  • future of banking union is a key question
  • too early to tell impact of Brexit

Well Coeure is in little doubt about the impact

More from Praet:

  • declines to comment when asked about possible changes to capital key framework for bond purchases..

No denial is interesting but I refer you back to the lack of trust in central banks right now.