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ECB press conference

The European Central Bank reduced the benchmark rate by 25 bps to 0.25%.

Key points of the ECB Draghi's press conference:

  • Eurozone risks remain ‘on the downside’
  • Eurozone may face prolonged period of low inflation
  • Interest rates are likely to stay low for an extended period
  • Monetary policy will remain accommodative as long as needed
  • ECB is closely monitoring closely money-market conditions (might be a hint at LTRO)
  • ECB ready to consider all the instruments available


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