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ECB ready to act on QE - ANZ

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - ECB President Draghi mostly repeated sentiments that were contained in last week’s ECB Minutes in a press conference at the IMF meeting.

    Key Quotes:

    "He noted that the ECB was monitoring global and financial market developments closely and that the Bank was “ready to use all the instruments available within our mandate to act, if warranted, in particular by adjusting the size, composition and duration of the asset-purchase program.”

    Draghi also echoed sentiments from the IMF’s bi-annual report on financial stability noting that high debt countries needed to “pay attention to risks related to a reversal of the current low interest-rate environment.”
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