Analysts at Deutsche Bank note that the ECB’s Draghi seemed relatively upbeat yesterday, indicating that “we’re confident that basically thanks to our monetary policy the inflation rate will converge to our objectives“ and that despite heightened global uncertainties, “the risks surrounding the euro area growth outlook remain broadly balanced”. Key Quotes “Elsewhere, he reiterated the need to be patient and persistent in the ECB’s policy while warning that the risk now “mainly relate to the threat of increased protectionism”. “Meanwhile re the issue of reinvestments of maturing debt that the ECB holds as part of QE, the ECB’s Coeure said that neither the Governing Council nor committees have discussed any details of an “operation twist” as he “sees it as a technical discussion, not as a major aspect of monetary policy when it comes to the maturities”.” “Finally, the ECB’s Nowotny said negative rates can’t be a permanent feature of monetary policy, as it should be applied only as needed.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK monthly GDP rise 0.3% in line with market expectations FX Street 3 years Analysts at Deutsche Bank note that the ECB's Draghi seemed relatively upbeat yesterday, indicating that "we're confident that basically thanks to our monetary policy the inflation rate will converge to our objectives" and that despite heightened global uncertainties, "the risks surrounding the euro area growth outlook remain broadly balanced". Key Quotes "Elsewhere, he reiterated the need to be patient and persistent in the ECB's policy while warning that the risk now "mainly relate to the threat of increased protectionism". "Meanwhile re the issue of reinvestments of maturing debt that the ECB holds as part of QE, the ECB's Coeure said… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
