Draghi Speech: Headline inflation dampened by energy prices
|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.
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