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ECB's Coeure: QE is working
ECB's Benoit Coeure speaks in Davos. •ECB communicated clearly yesterday •ECB want's to make it work on a continuous basis •ECB stands ready to reconsider policy stance •ECB is committed to its mandate •Going back towards 2% inflation target is vital for the stability of the Eurozone •We have not given up on that goal •Need further clarity on regulatory frame work •ECB will not have a conversation next month on tapering •Conversation will be about ongoing unwanted consequences of QE Very forthright comments from Mr Coeure
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In a world where robots fucks everybody else over...