- Thursday, 04 February 2016
- News
ECB's Draghi says global forces are holding down inflation
Mario Draghi held a speech this morning at the Deutsche Bundesbank's Marjolin Lecture, in Frankfurt. He said that he sees no reason for permanently lower inflation and that specific Eurozone challenges don't justify inaction. He also added that mon pol can not be relaxed about aeries of supply shocks.
According to Draghi ECB will not surrender to low inflation, but he said that no doubt that if ECB needed to adopt a more expansionary policy the risk of side effects would not stand in their way. However, he emphasized that there are risks of acting too late outweigh risks of acting too early.
Euro is currently being traded around 1.1150 area. Pair is likely to find support around 1.1050 handle and resistance above 1.12 level. Later today, in the US session, Unemployment Claims figures are scheduled for a release.
Read more...- Tuesday, 26 January 2016
- News
Draghi said low interest rates were not punishing savers
- Thursday, 21 January 2016
- News
Draghi warns more stimulus may be needed
- Monday, 18 January 2016
- News
ECB likely to show concern with the tightening in financial conditions
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