Mario Draghi, President of the ECB, is delivering his remarks on the bank’s monetary policy decision in a press conference with key quotes found below.
- Significant monetary policy stimulus still needed.
- Stands ready to adjust all instruments as appropriate.
- Uncertainties relating to rising protectionism, financial market volatility gained more prominence.
- Underlying strength of economy continues to support confidence.
- Sustained convergence of inflation with target will proceed.
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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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