Draghi Speech: Unanimous in choosing no change to guidance
|Mario Draghi, President of the ECB, is responding to questions from the press, with key headlines, via Reuters, found below:
- Unanimous in choosing no change to guidance
- Were unanimous in setting no precise date for when to discuss QE changes
- Discussions should take place in autumn
- Financing conditions remain broadly supportive
- L-T yields still low
- Euro repricing received some attention
Key notes:
No rush to taper as ECB keeps QE easing bias - ING
According to the latest monetary policy decision, the ECB is staying on the dovish side and does not seem to be in a hurry to move towards tapering, notes Carsten Brzeski, Chief Economist at ING.
EUR/GBP at daily tops near 0.8900 as ECB presser gets underway
The EUR/GBP cross once again met with some fresh supply near the 0.8900 handle and retreated around 30-pips post-ECB announcement. As the ECB presser got underway, the cross quickly spiked back to session tops, albeit remained marginally below the 0.8900 handle.
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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