ECB's Vasiliauskas wants ECB to talk about the reduction of monetary expansion early this summer

I'm giving it it's own post following the Weidmann comments

  • We should end QE before raising rates
  • Wants ECB to talk about the reduction of monetary expansion early this summer
  • Monetary expansion should be tied to the forward direction of rates
  • It is unreasonable to discuss raising interest rates before easing has ended
  • ECB needs to be very predictable

Two lots of hawkish comments from ECB bigwigs helps the euro up 20 odd pips to 0.0685

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