Banks should rather focus on costs instead
Don't see any monetary policy reason for tiered interest rates, but need to watch this issue closely
Economic growth will return in 2H 2019 if trade conflict is resolved
Missing transmission from wage costs to consumer prices is a bit puzzling
Businesses are apparently accepting narrower profit margins
But that cannot go on forever, at some point they will raise prices
Choice of next ECB president should be based on competence, not nationality
ECB does not expect a recession, but it is true that economic slowdown in Germany is stronger than expected
markets pricing in a rate hike by the ECB only in late 2020 is reflective of a different assessment shared by the governing council with regards to downside risks faced by the Eurozone.
Central bank values these expectations/pricing as an important input but they are not led by them.
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