‘Will review monetary policy stance in December meeting’ – ECB Chief Draghi

FXStreet (Mumbai) – The European Central Bank (ECB) President is now crossing the wires via Reuters, reiterating that the governing council will review the monetary policy path at its Dec meeting, while also echoing that the central bank has many instruments available at its discretion and that the council is ready to act, if necessary.

Key Quotes:

‘We are not constrained in our ability to act, we have many tools at our disposal‘

‘GC will review monetary policy stance in December meeting’

‘We must consider if weaker global environment impacts ability to return to price stability’

‘QE has been ‘undoubtedly’ effective to date’

The European Central Bank (ECB) President is now crossing the wires via Reuters, reiterating that the governing council will review the monetary policy path at its Dec meeting, while also echoing that the central bank has many instruments available at its discretion and that the council is ready to act, if necessary.

(Market News Provided by FXstreet)