ECB and EX official speaker's sound bites

This week will be one for ECB members speaking.

We have already had news that the Central Bank will only stop pumping out cash when they are more confident about inflation, as member Peter Praet, a member of the Executive Board of the European Central Bank, explained earlier.

Meanwhile, ECB's Coeure is currently meeting the Commission Economics and Financing of MEDFEF and we are also awaiting some wires from ECB'S Lautenschläger and Mr Stefan Ingves, Governor of Sveriges Riksbank, as well as European Banking Authority's first Chairperson, Andrea Enria, and Bundesbank's Dombret speaking in Frankfurt today.

ECB Bloomberg report

Then, we have had a recent Bloomberg report where ECB officials assume QE will end with a short taper. This comes after Draghi last week saying that there are very few chances at all that interest rates could be raised this year. 

Key points from that news report as follows:

• Even hawkish policy makers want a gradual and to bond buying.
• No decision has been taken on plans for QE after September.
• Policymakers are sticking to assumption that their bond buying program will be wound down over about 3 months rather than brought to a sudden halt.
• Buying is currently scheduled to run until September at a pace of €30 billion a month.

Brexit soundbites:

As far as Brexit, EU's Barnier said earlier that they cannot be sure that the UK can benefit from EU trade deals during the transition.

He added:

• Other parties to EU trade deals may not want UK to benefit during the transition.
• Still work to be done on UK - EU divorce treaty.
• There will be no transition deal without agreement on divorce.