- Growth in Q2, Q3 will be close to zero
- EUR/USD at 1.17 is perfectly acceptable
- Even 1.20 is something we can overlook, but anything more than that will be 'complicated'
- An additional rate cut is not going to help the economy to improve
- We need certainty
The most interesting remark on there is the one on the exchange rate. That's a soft cap it would seem of what the ECB might see as "acceptable". You rarely see central bankers come out to talk about specific levels, so it's definitely a standout.
