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ECB Spokesman Denies The Governing Council Has Discussed Tapering

With the market shaken by the earlier report, or rather "trial balloon" by Bloomberg that the ECB was contemplating tapering, we said in our previous article that it was only a matter of time before someone at the ECB - having observed the impact on the market - would come out and deny it. This happened moments ago when Michael Steen, formerly of the FT, and currently head of media relations at the ECB, said that the "ECB has not discussed these topics, as Draghi said at last press conference and during testimony at the European Parliament.
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