Comments by ECB governing council member Benoit Coeure
- Jury is still out on how persistent the slowdown will be
- Too early to discuss whether ECB will hike rates this year
- ECB may have to adjust rate guidance at some point
The first step in making any changes is admission/acknowledgement. And the ECB did that yesterday by recognising that risks to the Eurozone economy are skewed more to the downside now rather than being "broadly balanced" before.
Given that change, they're setting up for a potential change in rate guidance in March should economic data continue to highlight a further slowdown in the economy in Q1 2019.
