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Draghi says ECB won't "surrender" to excessively low inflation

Discussion in 'Fundamental Analysis' started by ForexLive, Apr 7, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Comments from the ECB president in a preface to the latest Annual Report published earlier . "We recalibrated our policy at the end of the year due to new headwinds from the global economy, which tilted the inflation outlook to the downside. Those headwinds intensified in early 2016, requiring a further expansion of our policy stance. In March 2016 the Governing Council decided to expand the APP in both size and composition (including for the first time corporate bonds), to cut the deposit facility rate further, to introduce a new series of targeted longer-term refinancing operations with powerful incentives for banks to lend, and to strengthen its forward guidance. These decisions reaffirmed that, even when faced with global disinflationary forces, the ECB does not surrender to excessively low inflation ."

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