ECB's Benoit Coeure speaks in Davos
- ECB communicated clearly yesterday
- ECB want's to make it work on a continuous basis
- ECB stands ready to reconsider policy stance
- ECB is committed to its mandate
- Going back towards 2% inflation target is vital for the stability of the Eurozone
- We have not given up on that goal
- Need further clarity on regulatory frame work
- ECB will not have a conversation next month on tapering
- Conversation will be about ongoing unwanted consequences of QE
Very forthright comments from Mr Coeure
