Draghi doesn’t see need to cut rates further

ECB’s Draghi, while addressing questions on interest rates, said the bank does not see a need to cut rates further, but maintained today’s outcome dispels doubts about willingness to act.

Meanwhile, ECB’s Constancio said the TLTRO 2 poses no obstacle to rate changes in the future.

Draghi also added that today’s move was not an overreaction to a drop in oil prices and said the easing was in response to significant weakening of global growth.

ECB’s Draghi, while addressing questions on interest rates, said the bank does not see a need to cut rates further, but maintained today’s outcome dispels doubts about willingness to act.

(Market News Provided by FXstreet)