Thomas Mayer Quotations

The only good thing one can say is that this all might change by next year.

Only two weeks after the last move it would have portrayed considerable nervousness if they had moved rates again.

China's achievement in manned space mission proves that some of China's space technologies can be paralleled to those in western developed countries.

He implicitly admitted that they have a bias for a tighter policy. They believe that rates are very low and need to be higher.

The pact has the flaw that the accused are their own judges, so they really like the defendants. The ECB is here meting out the task of dispensing justice to the private ratings agencies.

Part of the run-up in oil prices was a reflection that there was a lot of monetary stimulus in the market. Taking some of that out of the market could take the air out of oil prices.

The question is have they all on the ECB gone hawkish? Or is there any argument on the ECB of whether we should not move? If there are doves left, we are not hearing them.

There's not much standing between now and a rate hike. The only thing that could dissuade them from acting would be new economic data that suggests something bad is happening in Europe.

Before the election, some German magazines depicted Germany as an eagle ready to soar. I fear we've created an albatross.

I don't think the ECB should go out of its way to boost the currency either verbally or through action. Their mandate is very clear, and that is to maintain price stability. To the extent that price stability is in danger they have already acted. There is no point in deviating from that strategy.

The hawks got their increase of 25 basis points, and the doves got an agreement not to map out a series of increases. It is an uncomfortable situation for the bank because the hawks will keep coming back.