ECB' Draghi: Inflation path still conditional on ECB stimulus.
ECB president Mario Draghi is delivering the introductory statement at the ECON Hearing of the European Parliament in Brussels, Belgium where markets are looking for clues on policy and particularly on its massive quantitative easing programme. There will be a Q&A session as well.
- ECB's Draghi: The euro area economy is expanding robustly.
- ECB's Draghi: Growth is stronger than previously expected.
- ECB's Draghi: Inflation has yet to show more convincing signs of a sustained upward adjustment.
- ECB's Draghi: Inflation path still conditional on ECB stimulus.
- ECB's Draghi: We anticipate that headline inflation will resume its gradual upward adjustment.
Key notes:
ECB’s Coeure on the importance of euro interest rate benchmark reforms
EUR/USD analysis: dollar gains traction after early losses
ECB: Draghi in the limelight today - TDS
About Mario Draghi:
The European Central Bank's president Mario Draghi was born in 1947 in Rome, Italy. Graduated from the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council, he gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).