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Currency Analyst since 2010

EUR: Mario Drahi on the wires

The ECB President Mario Draghi said on Wednesday in an interview to French Europe 1 radio that:

-          The ECB would maintain an easy policy stance for an extended time, until the euro zone inflation climbs back towards the 2% target level.

-          The ECB “whatever it takes to safeguard the euro”.

-          There’s no risk deflation in the euro area, but there’s the risk of “too low” inflation.

-          The biggest problem currently is the still excessively elevated unemployment.

 

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