Draghi speech: ECB purchased more Italian bonds in May than it did in March and January
Mario Draghi, President of the ECB, is responding to questions from the press, providing the key quotes, via Reuters, found below.
- Rates will be changed depending on the conversion process.
- Responding to a question about Italian bond purchases: One shouldn't get obsessed with weekly or monthly figures of flows.
- Draghi speech: ECB purchased more Italian bonds than it did in May and January.
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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.
