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ECB's Draghi: Trigger for policy action is the absence of improvement

2019-06-18 22:55

While speaking at the policy panel at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, ECB President Mario Draghi said that the trigger for policy action is "the absence of improvement." There was not reaction from the EUR/USD pair so far and it was last seen trading at 1.1190, losing 0.25% on the day.

Key quotes

  • Core inflation remains muted. There is a certain disconnect with the current data and market-based expectations.

  • Inflation path is converging more slowly than before.

  • Some market-based inflation indicators lost information content.

  • Not targeting specific FX rate.

This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

Economic news

    Exchange Rates

    GBPUSD +0.16% 1.37606
    EURUSD +0.32% 1.16385
    XAUUSD +0.45% 1804.75
    XTIUSD -0.16% 81.597
    NAS100 +0.42% 15675.1
    US30 +0.06% 35565