Currency Analyst since 2010

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.  

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