As expected today's ECB statements were a snoozer, and likely Mario Draghi's official statement will be too – "more of the same." However, the real fun and games will come as he combats questions on 1) the lack of effectiveness of QE so far (just wait, any day now it will work), and 2) helicopter money ("whatever it takes"). He better offer some hope for moar as EUR is surging into the meeting…
We're gonna need a bigger jawbone…
Live Feed…
Key highlights via Market News:
09:02 04/21 DRAGHI: WE WILL CONTINUE TO DIVERGE FROM OTHER JURISDICTIONS
09:02 04/21 DRAGHI: WE NOW FOCUS ON IMPLEMENTATION OF MONPOL DECISIONS
09:01 04/21 DRAGHI: WE CAN'T LOSE FOCUS FROM OUR MAIN OBJECTIVE
09:01 04/21 DRAGHI: GROWTH IS MODERATE, BUT IT'S STEADY
09:01 04/21 DRAGHI REFUSES TO BE DRAWN OUT ON LEGALITY OF HELICOPTER MONEY
08:55 04/21 DRAGHI CITES STATISTICS SUPPORTING EFFECTIVENESS OF ECB POLICY
08:54 04/21 DRAGHI: MARCH MEASURES AVERTED 2D-RD EFFECTS OF MKT VOLATILITY
08:53 04/21 DRAGHI: OUR POLICIES ARE THE NECESSARY ONES TO RESTORE INFL.
08:52 04/21 DRAGHI: JUST GIVE OUR MEASURES TIME TO DISPLAY THEIR EFFECTS
08:52 04/21 DRAGHI: ALSO UNANIMOUS IN DEFENDING OUR CURRENT MONPOL STANCE
08:51 04/21 DRAGHI: WE WERE UNANIMOUS IN DEFENDING ECB'S INDEPENDENCE
08:51 04/21 DRAGHI: WE DON'T OBEY POLITICIANS, AS WE ARE INDEPENDENT
08:51 04/21 DRAGHI: OUR MANDATE ESTABLISHED BY EUROPEAN LAW; WE OBEY LAW
08:51 04/21 DRAGHI: WE HAVE MANDATE TO PURSUE PRICE STABILITY FOR ALL EMU
08:50 04/21 DRAGHI NOTES INSTITUTIONAL, LEGAL PROBLEMS W/HELICOPTER MONEY
08:50 04/21 DRAGHI: BOTTOM LINE IS WE NEVER DISCUSSED HELICOPTER MONEY
08:49 04/21 DRAGHI REREADS HIS STATEMENT ON HELICOPTER MONEY FROM MARCH 10
08:49 04/21 DRAGHI: ISSUE LIMIT FOR CORPORATE BOND BUYS IS UP TO 70%
08:48 04/21 DRAGHI: RISK IN CORP BOND BUYS IS FULLY SHARED
08:48 04/21 DRAGHI: DETAILS OF CORPORATE BOND BUYS TO FOLLOW PRESS CONF.
08:47 04/21 DRAGHI ENDS INTRODUCTORY STATEMENT, BEGINS Q&A
08:46 04/21 DRAGHI: FISCAL POLICY SHLD SUPPORT RECOVERY BUT STICK TO RULES
08:45 04/21 DRAGHI: TO REAP ALL MONPOL BENEFITS, OTHER POLICIES MUST HELP
08:45 04/21 DRAGHI: MONPOL FOCUSED ON MEDIUM-TERM PRICE STABILITY
08:45 04/21 DRAGHI: CROSS-CHECK CONFIRMED NEED TO PRESERVE ACCOMMODATION
08:44 04/21 DRAGHI: MONPOL SINCE JUNE 2014 IMPROVED BORROWING CONDITIONS
08:43 04/21 DRAGHI: LOAN DYNAMICS FOLLOWING PATH OF GRADUAL RECOVERY
08:42 04/21 DRAGHI: M3 CONTINUED TO GROW ROBUSTLY MOST RECENTLY
08:42 04/21 DRAGHI: INFL TO PICK UP IN 2H 2016, RECOVER MORE IN 2017/2018
08:42 04/21 DRAGHI: INFL COULD TURN NEGATIVE AGAIN IN COMING MONTHS
08:41 04/21 DRAGHI: UNCERTAINTIES RELATE TO GLOBAL ECONOMY, GEOPOLITICS
08:41 04/21 DRAGHI: RISKS STILL TILTED TO THE DOWNSIDE
08:41 04/21 DRAGHI NOTES INSUFFICIENT PACE OF STRUCTURAL REFORM
08:40 04/21 DRAGHI: CHEAP OIL, JOB GAINS TO SUPPORT HOUSEHOLD DISP INCOME
08:40 04/21 DRAGHI: OUR MEASURES SUPPORTING DOMESTIC DEMAND
08:40 04/21 DRAGHI: EXPECT ECON RECOVERY TO PROCEED
08:39 04/21 DRAGHI: 1Q DATA POINT TO ONGOING OUTPUT GROWTH AT PACE LIKE 4Q
08:39 04/21 DRAGHI: IF NEEDED, WILL ACT USING ALL TOOLS AT OUR DISPOSAL
08:38 04/21 DRAGHI: TO CONTINUE TO MONITOR CLOSELY INFL OUTLOOK EVOLUTION
08:38 04/21 DRAGHI: ESSENTIAL TO PRESERVE APPROPRIATE MONETARY ACCOMMODATN
08:38 04/21 DRAGHI: GLOBAL UNCERTAINTIES PERSIST
08:37 04/21 DRAGHI: BROAD FINANCING CONDITIONS HAVE IMPROVED SINCE MARCH
08:37 04/21 DRAGHI: IN JUNE WE WILL CONDUCT FIRST TLTRO2
08:37 04/21 DRAGHI: ASSET BUYS TO RUN TO MARCH 2017 OR BEYOND IF NEEDED
08:36 04/21 DRAGHI: STARTED TO EXPAND MONTHLY ASSET PURCHASES TO EUR 80 BN
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