European Central Bank’s chief economist, Philip Lane’s speech has been published on the ECB’s website – full speech.
Key notes
- Need to be careful when reading the yield curve.
- Yield curve plays a key role in the transmission of monetary policy, under both standard and non-standard policy measures.
More to come…
FX implications
There is nothing relating to monetary policy or the economy directly hence there has been no market reaction to the press release so far.
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