Bund yields and the euro are lower after the ECB statement seemed to tilt dovishly – with Draghi proclaiming there’s more “whatever it takes” if we need it – painting quite a different picture from his normalization chatter a few weeks back. We are sure he will explain himself fully to avoid any and all confusion during this morning’s press conference.
Bund yields back at 2-week lows but a long way to go to erase Draghi’s turmoil.
Once again, here are two cheat sheets to keep tabs on whether Draghi is leaning hawkish or dovish:
From ING
And from Citi:
ECB Press Conference Live Feed (due to start at 0830ET)
via http://ift.tt/2uceD87 Tyler Durden