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The European Central Bank (ECB) Governing Council member Ardo Hansson was on the wires now, via Reuters, noting that the ECB would wait and see how economy develops in the next few months.

Additional Comments:

There’s no urgency to have discussion on ECB policy review.

Sees ‘green shoots story’ in recent euro area data.

Negative rate tiering could lead to “over-engineering”.

TLTRO terms should keep door open for normalization.