Have determination, willingness, capacity to use tools – ECB’s Draghi

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - Additional headlines from ECB Chief Draghi as he participates in discussion with Lionel Barber at the World Economic Forum, in Davos:

    We have plenty of instruments in ecb tool box

    Have determination, willingness, capacity to use tools

    Convergence of inflation path to target key for 2016

    ECB policy could be buying politicians time to act, but not up to central bank to think about this when taking decisions

    First obligation of all central bankers is to act based on their mandate

    Less optimistic on inflation mostly due to oil prices but also downward revisions of growth in emerging markets

    Drivers of European recovery are monetary policy, also oil prices, neutral fiscal policy
    For more information, read our latest forex news.

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