Mario Draghi, President of the ECB, is responding to questions from the press, providing the key quotes, via Reuters, found below.
- ‘Through the summer’ intentionally not precise.
- We have to be very mindful of excess liquidity conditions in the markets.
- Projections do not contain the effects of trade measures that have not been implemented yet.
- Direct effects of trade measures are limited.
Related articles
EUR/USD Technical Analysis: USD bulls show no mercy as EUR/USD breaks below 1.1730 key support.
EUR/USD just broke a key support at 1.1730 and is continuing to melt down below the 1.1700 figure at the time of writing.
ECB: 3m Taper announced while rates remain on hold – TDS.
The ECB announced the end of its QE programme today, with a 3m taper at €15bn/month through to December 2018, notes Jacqui Douglas, Chief European Macro Strategist at TDS.
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).
Share
