ECB: President Draghi’s speech in focus – Danske Bank

Sandeep Kanihama FXStreet Contributor

The analysis team at Danske Bank explains that the ECB president Draghi is scheduled to speak in the Dutch parliament in the afternoon and focus will be on whether the latest jump in core inflation as well as Macron winning the French presidency have changed the ECB's monetary policy stance.

Key Quotes

“In our view, the elimination of the Frexit risk has paved the way for a more hawkish communication at the next ECB meeting in June, but regarding the inflation outlook, we expect the ECB to await more information in judging whether the latest rise is due to the timing of Easter or higher underlying price pressure.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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