Opening statement from Draghi
The only change so far is that he says the gov council sees better momentum in the economy via sentiment indicators.
The CPI numbers are broadly in line with the leak but as expected, the euro isn’t bothered. So far the upward pressure is coming on comments of the improvement in the recovery, which infers that the ECB may taper sooner. That said, EURUSD is sitting right smack in the middle again and the moves so far are marginal in real terms.
ECB’s Draghi: QE will run until the ECB see a sustained pickup in inflation
