Will adjust QE program as appropriate if necessary – ECB’s Draghi

FXStreet (Mumbai) - The European Central Bank (ECB) President Mario Draghi, in his introductory remark at the Econ hearing, reiterated that the bank stands ready to alter the size, duration or composition of its current QE program if necessary.

Key Quotes on inflation

Slower increase in inflation is being suggested by forecasts

Sees inflation close to zero in ‘very near-term’ -cannot tell if weakness will last yet, is too early

Inflation seen rising towards end-2015

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS