Draghi Speech: Headline inflation dampened by energy prices

Eren Sengezer FXStreet

Mario Draghi, President of the ECB, continues to make comments on monetary policy, with key headlines, via Reuters, found below:

Headline inflation dampened by energy prices
Very substantial degree of accommodation still needed
Global recorvery supporting euro zone exports
Global recovery should lend support to trade
Sluggish reforms dampen growth prospects

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.Read more

EUR/JPY muted around 129.00 handle post ECB announcement

The EUR/JPY cross surrendered all of its early tepid gains and dropped to the lower end of daily trading range post-ECB decision. Read more

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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