ECB's Villeroy: Recent volatility in long bonds has been somewhat excessive

<ul><li>Data shows that headline and core inflation declining progressively across Europe</li><li>Today's data shows that the ECB's monetary policy is effective</li><li>Recent volatility in long bonds has been somewhat excessive</li><li>Data confirms that current level of our key interest rates is appropriate</li></ul><p>You get the sense that the ECB would be much quicker than other central banks to restart QE. They already did weakly-disguised monetary financing for Italy.</p>

This article was written by Adam Button at www.forexlive.com.