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Draghi doesn’t see need to cut rates further

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    ECB’s Draghi, while addressing questions on interest rates, said the bank does not see a need to cut rates further, but maintained today's outcome dispels doubts about willingness to act.

    Meanwhile, ECB’s Constancio said the TLTRO 2 poses no obstacle to rate changes in the future.

    Draghi also added that today’s move was not an overreaction to a drop in oil prices and said the easing was in response to significant weakening of global growth.
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