Bank of France governor and ECB governing council member still up to the rostrum 8 June 2016

  • ECB sees no signs of financial bubbles
  • danger of too low inflation and even deflation much more present than risk of high inflation

Gee, thanks for that insight . We've never have guessed otherwise.

  • ECB looking at issue of asset prices
  • Germany also has too-low inflation
  • must not forget the lessons of 1930's deflation
  • France needs more reforms, Germany more investment

Meanwhile the ECB are reported to be buying RWE bonds on the first day of its corp bond purchases.