Draghi speech: Confident that inflation will head towards inflation aim

Eren Sengezer FXStreet

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.

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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