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Signs of turnaround in core inflation have weakened – ECB's Draghi

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The ECB President Draghi, while speaking in Brussels, dropped a surprise by stating the turn around in core inflation appears to have weakened due to low oil price and delayed reaction to stronger Euro.

    The President also reiterated that the bank will consider the need for more monetary policy accommodation at the December meeting.

    Key Quotes

    Sees signs core inflation turnaround has ‘somewhat weakened’

    Downside risks to Economy are ‘clearly visible’

    QE to run past Sep 2016, if needed for inflation target

    Monetary policy to be re-examined at the December meeting

    Can use other tools to strengthen QE impact
    For more information, read our latest forex news.
     

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