Comments on the press conference by Nordea's,...>

ECB: Comments on the press conference by Nordea's, Tuuli Koivu

- "the Governing Council has slightly changed the analysis on inflation, now

seeing preliminary signs of an upward trend in general price pressures."

- The FX rate occupied a fairly dominant position across the press conference

but "Draghi did not take the verbal intervention to a higher level. In fact,

what he said was already quite a lot considering how the ECB has addressed FX

moves in the past"

- Regarding bonds, the press conference was dovish but bond yields are already

low and the next bigger move will be upwards in the coming months.

- Finally, there is no change in sequencing: QE first, then rates.