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.