Currency Analyst since 2010

ECB: Draghi’s comments

-          ECB expects prolonged period of low inflation, followed by gradual upward movement.

-          ECB doesn’t exclude further easing.

-          ECB unanimous on using unconventional tools if needed.

-          ECB needs more information.

-          Geopolitical and FX risks will be monitored closely.

-          There was a ‘rich and ample’ discussion of QE.

-          April inflation will pick up because of Easter.

-          Draghi doesn’t see deflation risks in the euro area.

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