Draghi speech: APP is not disappearing, remains in toolbox

Eren Sengezer FXStreet

Mario Draghi, President of the ECB, is responding to questions from the press, providing the key quotes, via Reuters, found below.

Didn't discuss reinvestment policy.
Will discuss reinvestment policy in future meetings.
Market reaction shows inflation is self-sustained.
The decision was unanimous.
APP is not disappearing, remains in toolbox

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About Mario Draghi

The European Central Bank's president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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