ECB’s Nowotny hopes for more rational approach by markets in March

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - Additional headlines hitting the wires from ECB’s Nowotny as he now addresses questions raised on monetary policy at an event in Budapest.

    Key Quotes:

    Markets expected too much in December, hopes for more rational approach by markets in March
    Might see negative inflation rate for some months, not for the full year

    Energy price falls have some second round effects, such as in transportation costs, but core CPI has been relatively stable

    When asked on value of cutting any rates other than the main deposit:

    It is too early to have any discussion about that

    When asked on March ECB action:

    Nothing to add to what Draghi said in December
    For more information, read our latest forex news.

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