Mario Draghi, President of the ECB, is responding to questions from the press with key quotes, via Reuters, found below.
- When market places first rate hike in 2020, it shows they have understood our reaction function.
- Negative interest rates have been a very effective policy measure.
- Profitability of banks is affected by other factors more than negative interest rates.
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About Mario Draghi
The European Central Bank’s president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President’s comments may determine positive or negative the Euro’s trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).
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