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Unusually hawkish ECB Draghi

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - An unusually hawkish Draghi is crossing the headlines, as his press conference gets underway, with the main headlines so far found below:

    We conducted a thorough assessment of inflation and monetary policy

    QE extended by 7 months

    No increase in QE

    Will reinvest QE proceeds

    Persistent low inflation reflects sizeable economic slack

    Risks to economic outlook to the downside

    Our decisions reinforce momentum of the euro area's economic recovery and strengthen its resilience against global economic shocks

    Willing to use all instruments

    Low oil should provide support for households

    Government expenditure likely to increase

    Eurozone growth dampened by subdued growth in emerging markets
    For more information, read our latest forex news.

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