ECB VP Vitor Constancio speaking in Chicago
Apparent difficulties to reach higher levels of inflation and real equilibrium interest rates may hamper the capacity of mon pol to deal with future recessions
Changing the inflation target risk at a time when outcomes have been below the current objective for a number of years risks damaging central bank credibility
Long term consequences of low but positive inflation and negative rates would become too severe for the financial sector, pensioners and savers
I still want to know how long is too long, for keeping rates low?
Anyway, there's far too much CB waffle going on for a Friday afternoon.