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ECB likely to keep policy unchanged on Thursday

Economists in a Bloomberg survey predict the European Central Bank president will keep policy unchanged on Thursday but announce fresh measures before the end of the year. The meeting comes a week after the Bank of England, headed by Carney, opted not to cut rates in the immediate wake of the U.K.’s vote to quit the European Union, instead signaling that it will probably ease in August. 
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Draghi calls for co-ordination between monetary and fiscal policies

ECB President Draghi in opening remarks to the ECB forum on central banking focused on the international dimension of global banking and policies, specifically the need for greater co-ordination across global central banks. This is likely to be a coded warning to China and Japan not to attempt competitive devaluations in an attempt to boost their growth prospects.
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ECB's Weidmann says no further easing required at present

There are no data releases both from Eurozone and USA today, so it is being an overall steadier session. Bundesbank head and ECB governing council member Weidmann said over the wires 13 June 2016 that no further easing is required at present and that current expansionary policy is appropriate. Read more...

Draghi urges governments to play part in boosting growth and inflation

The Wall Street Journal reported that European Central Bank President Mario Draghi urged European governments to play their part in boosting growth and inflation in the region, warning that a lack of economic reforms is making the ECB’s job harder. “If other policies are not aligned with monetary policy, inflation risks returning to our objective at a slower pace,” Mr. Draghi said in a speech to policy makers in Brussels.
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