Bank of Spain governor and ECB governing council member speaking in Seville 14 June 2016
- markets signal low global inflation for many years
- ECB's QE has been moderate, smaller than Fed or BOJ
- ECB meeting goal of low rates as long as needed
Linde in justifiably cautious mode. Doesn't sound like he will be advocating normalization of rates any time soon.
Meanwhile EURUSD has clung onto the 1.1200 support line but euro still fragile overall.
