ECB says Mersch's comments earlier were from a month ago

The ECB is out with some clarification

Mersch's comments earlier can be found here.

The central bank says that his comments were sent to Eurofi on 21 March but only published today. I'm not too sure why they see the need to clarify that, unless they're expecting to tone down market expectations ahead of tomorrow's meeting.

But also to note, the ECB - just like the Fed - imposes a quiet period otherwise known as the "blackout period" in the run-up to its monetary policy meetings. So, that could very well be the reason why they commented here.

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