The ECB will continue to do what it needs to do
- German court ruling runs counter to ECJ
- There will not be an impact from the ruling on ECB actions
It will be interesting to see how all of this impacts the 4 June monetary policy meeting. But for now, it seems to be a case of "as you were" by the ECB as they are adamant that the German court ruling will have no bearings on their policies at the end of the day.