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Draghi – ECB ready to do its part

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    ECB President Mario Draghi, in his introductory statement at the Quarterly Hearing before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels, said the bank is ready to its part (in propping up economy and inflation).

    Key Quotes

    Recovery progressing at moderate pace

    Will analyze monetary policy transmission in light of market turmoil

    Will review, possibly reconsider monetary policy stance in March

    Will examine the pass through of low inflation

    Won't hesitate to act if price stability at risk

    Since early December, a general deterioration in market sentiment has taken root and has gathered pace over the last week

    We have witnessed increasing concerns about the prospects for the global economy
    For more information, read our latest forex news.
     

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