Further remarks by Holzmann
This is consistent with the ECB messaging as of late, throwing the cards to September as the next key timeframe in which the market can expect something new from the ECB.

SNB policymaker, Andrea Maechler, comments
Pandemic or not, the SNB pretty much have their hands tied and if the ECB can’t even move an inch at the moment, there is no chance for the SNB to do so in any case.

Remarks by ECB policymaker, Robert Holzmann
They continue to play down the outlook that price pressures are growing in general and it is easy to see why. With the Fed adopting the stance that they have, it makes things much simpler for the ECB.

Oil is holding steady, up 0.2% on the day
There hasn’t been much to really thwart the momentum in oil and I don’t see the OPEC+ decision this week being a major game changer whatsoever.