Draghi satisfied with the QE – Deutsche Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Jim Reid, Research Analyst at Deutsche Bank, notes that speaking early Saturday morning in Peru, ECB President Draghi said that while he is so far satisfied with the ECB’s QE program, he highlighted that it presently appears that it will take somewhat longer than previously anticipated for inflation to come back, and stabilise around, levels sufficiently close to 2%.

    Key Quotes

    “Commenting on China, Draghi was noted as saying that the Chinese authorities were reassuring on the growth outlook for the economy. Meanwhile, the WSJ is running a story this morning, quoting a number of EM Central Bankers as urging the Fed to get on with raising rates in the hope that the uncertainty and volatility, which has been an overriding theme for emerging markets in particular of late, will dissipate somewhat.”
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