Was asked how the ECB would slice and dice the €20bn cut to QE
Low rates are needed now to get high rates later on
Must be patient with inflation and with the ECB
The ECB has more room to diversify after December measures
ECB didn't discuss tapering
When the time comes to taper we will have to have a deep and careful discussion
EURUSD has tried to bounce and got as far as 1.0645 odd before slipping back.
