FXStreet (Bali) – Draghi Q&A is underway, noting that policies being run by the Central Bank have been effective, while adding that they intend to keep accommodation longer.
Headlines
We want to consolidate something that’s been a success
Reinvestment is ‘quite an important announcement’
We are doing more because it works
We are confident these decisions are adequate to meet our objectives
Decisions today were with a ‘very large majority, very large’
I don’t think our communication was wrong
Measures need time to be fully appreciated
Without measures implemented, inflation would be at least 0.5pp lower in 2016, and one third lower by 2017
(Market News Provided by FXstreet)