Comments from the ECB hawk
– When situation changes, guidance should change
– Hesitating for too long creates new problems
– Loose monetary policy is ‘appropriate’
Nothing dramatic from the ECB’s hawk-in-chief. She’s been a team player as the ECB begins to tilt toward less-dovish policy. Her comment on the situation changing might be more than what it seems. Yesterday there was an ECB sources story saying there was an ongoing debate about shifting to a neutral stance as soon as next week.
