Will the asset purchases go on through September? President Draghi said last week when asked, was August next year or middle of summer next year a likely time, he said yes. Markets form expectations. We’ll have the discussion as policymakers at some point, but that’s not something we have discussed so far.
The ECB obviously doesn’t set market rates, the rates that banks charge to the likes of me and our viewers tonight, but you do monitor the rates that are charged. Your reporting has shown that Irish banks are consistently charging much higher rates than the eurozone average. Why are they charging so much and what can you do about it?