Currency Analyst since 2010

Comments from the ECB's Draghi

-          Central bank’s policy will remain accommodative as long as necessary.

-          The ECB will use non-standard measures if circumstances warrant.

-          The ECB could further contribute to easing bank funding uncertainty by providing assurance that they could rely on refinancing operations for extended periods (the LTRO may be extended).

-          Draghi doesn’t think that the ECB is materially challenged in its ability to deliver price stability by low level of interest rates.

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