Currency Analyst since 2010

ECB’s Draghi: comments

-          Rates expected to remain at present levels or lower for an extended period. The ECB discussed an interest rate cut. The ECB has a vast array of instruments we could use, exclude none including LTRO

-          Inflation rates expected to remain low in coming months

-          The ECB’s monetary policy stance will remain accommodative for as long as necessary

-          Confidence indicators confirm gradual improvement in economy

-          Output is expected to recover at a slow pace

-          Unemployment remains high


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