Draghi speech: Confident that inflation will head towards inflation aim
|Mario Draghi, President of the ECB, is delivering his remarks on the monetary policy, with key headlines, via Reuters, found below:
- Broadly unchanged outlook for growth, inflation
- Recent volatility in FX rate a source of uncertainty
- Need to monitor FX
- Need to monitor impact on price stability
- Confident that inflation will head towards inflation aim
- Policy measures yet to translate into stronger inflation dynamics
Key notes:
EUR/USD eases from tops on steady ECB, near 1.1980
The single currency stays within range after the European Central Bank left its monetary policy intact at today’s meeting, with EUR/USDaround the 1.1970/80 band.
EUR/JPY unfazed around 130.40 post-ECB
The EUR/JPY cross trimmed some of its early gains and retreated back below mid-130.00s post ECB announcement.
ECB's press conference
Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the EUR, whereas his dovish view is considered as negative, or bearish.
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