ECB's Draghi flags QE tapering talks in autumn

Eren Sengezer FXStreet

In his speech following the monetary policy decisions, Mario Draghi, President of the ECB, said that policymakers would start discussing potential changes to the QE program in the autumn. Although Draghi made it clear that today's decision to keep the guidance unchanged was unanimous and he didn't ask the staff to start making preparations, markets took today's remarks as a sign towards a possible tightening move later this year. Draghi further added that the Sintra speech and July decisions were not very different and they would first and foremost look at inflation data in autumn decisions.

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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