ECB’s Draghi: comments
It seems that the ECB is in the wait-and-see mode.
- Risks remain to the downside.
- Rates will stay low for ‘extended period of time’ as long as inflation remains subdued.
- Inflation rates are expected to temporarily fall in the coming months.
- Current expectations of rate hikes in money markets are unwarranted.
- Credit trends to improve, with a lag.
Draghi gives both relatively dovish and hawkish comments.