Central Banks


Draghi press conference opening statement April 26, 2018:

  • Has confidence inflation will converge with target
  • Core inflation yet to show a convincing sign of upward trend
  • Underlying inflation subdued
  • Latest indicators suggest a moderation in the pace of growth since the start of the year
  • Temporary factors could be at work in moderation
  • Growth expected to remain solid and broad based
  • Risks to outlook remain broadly balanced
  • Risks to global factors have become more prominent, including trade
  • Inflation likely to hover around 1.5% for the rest of the year
  • Notes easing in bank lending conditions and higher demand for loans
  • Other policy areas must contribute decisively
  • Implementation of structural reforms needs to be substantially stepped up
  • Full text of the opening statement

Some dovish stuff but he’s mentioned the moderation before, so it’s not a big surprise. EUR/USD still ticked to a fresh low below 1.2150 but it’s snapped back to hit 1.2195 — the best levels of the day.

Repeats (as expected):

“We continue to expect interest rates to remain at their present levels for an extended period of time, and well past the horizon of our net asset purchases.”



Source link

Articles You May Like

Atlanta Fed GDPNow estimate falls to 4.7% from 4.8% last
AUD traders – heads up for Australian data and RBA today
Best Forex System 2018 That Works😍- Agimat Trading Review
EUR/USD sits near the lows ahead of European trading, what’s next?
Wilbur Ross is testifying to Senate Finance Committee on tariffs/trade. Some highlights.

Leave a Reply

Your email address will not be published. Required fields are marked *