Speaking in Hamburg
ECB measures have proved effective
- How much longer can we continue to talk about even lower rates as being a monetary policy option
- We cannot lower out interest rates to an unlimited extent
- For the recovery to gain traction we need to keep our word
- Subdued inflation will be with us for quite some time
- Inflation of below but close to 2% is the only goal that our unconventional measure are also bound by
The comments have a relatively hawkish slant to them but not enough to wake the euro up. Here's the full speech.
Weidmann is up next so maybe he'll shake things up a bit.
