We're getting a taper, just don't know when
We won't suddenly stop QE for obvious reasons
ECB haven't seen any signs of bubbles
We are monitoring for financial market risk
We have two indicators for CPI expectations (survey & market), both have been relatively stable
But both have declined quite significantly after Brexit vote. They are now recovering
Now he gets asked if he would raise rates while still doing QE and is referring back to his notes. He's repeating the introductory statement and completely ignoring the question.
There is no evidence that corp bond program doesn't benefit SME's
And we're all done.
