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ECB’s Coeure: If QE impact isn’t enough “we’ll have to do more”
Other comments: •ECB would extend bond buying if impact not enough •EUR rate is a consequence, not target of the ECB policy •Bank funding improvement is reaching real economy The EURUSD has taken a bit of a dip on the comments •“If we haven’t achieved what we want to achieve and I should say what we should achieve, because that’s the mandate of the ECB and it’s in the treaty — which is having a firm perspective that inflation goes back to 2 percent, close to 2 percent but below 2 percent as we say it in the medium term — then we’ll have to do more or we have to do it for longer” “It’s not ... (full story)
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