The ECB probably has not found a consensus yet on rate policy beyond Dec. 1. For this reason, the ECB is unlikely to provide any clear Fed-style guidance on the future course of rates,
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Germany does not need abstract economic ideas it needs labor market reforms.Holger Schmieding
This has weakened his claim to be the one who could lecture other financial ministers on how to run their economies. He should publicly apologize to the IMF staffers whom he scolded last time for being too pessimistic on the U.K.
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Britain has learned that there is no harm is selling your local champions to foreigners.
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We've just had the worst 24 hours for the European reform outlook in a long, long time.
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They were slightly more dovish than I expected. There is a bit of a conflict between the bank's statement, and the numbers they gave.
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There could have been a heated discussion, with the doves preventing the acceleration in the pace of rate hikes the hawks may have wanted.
Holger Schmieding
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