He implicitly admitted that they have a bias for a tighter policy. They believe that rates are very low and need to be higher.

214

I don't think the ECB should go out of its way to boost the currency either verbally or through action. Their mandate is very clear, and that is to maintain price stability. To the extent that price stability is in danger they have already acted. There is no point in deviating from that strategy.

189

The hawks got their increase of 25 basis points, and the doves got an agreement not to map out a series of increases. It is an uncomfortable situation for the bank because the hawks will keep coming back.

186

There's not much standing between now and a rate hike. The only thing that could dissuade them from acting would be new economic data that suggests something bad is happening in Europe.

177

Part of the run-up in oil prices was a reflection that there was a lot of monetary stimulus in the market. Taking some of that out of the market could take the air out of oil prices.

175

The pact has the flaw that the accused are their own judges, so they really like the defendants. The ECB is here meting out the task of dispensing justice to the private ratings agencies.

159

China's achievement in manned space mission proves that some of China's space technologies can be paralleled to those in western developed countries.

139

The only good thing one can say is that this all might change by next year.

121

Before the election, some German magazines depicted Germany as an eagle ready to soar. I fear we've created an albatross.

114