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15 Apr 2015
No surprises expected from Draghi’s presser today – Rabobank
FXStreet (Edinburgh) - Senior Strategist at Rabobank Elwin de Groot ruled out major announcements in today’s press conference by M.Draghi.
Key Quotes
“We expect ECB President Draghi to stay close to the story line set out in recent speeches, and the thinking as reflected in the monetary policy account of the meeting held on 4-5 March”.
“This means that whilst the GC’s decisions have made a “strong contribution in confronting the risks of too prolonged a period of low inflation…”, they are unlikely to see a need “… to reconsider any of the parameters underlying the expanded APP.”
“The focus, then, is likely to be “on the decisive implementation of the measures decided previously”, to quote ECB Chief Economist Peter Praet”.
Key Quotes
“We expect ECB President Draghi to stay close to the story line set out in recent speeches, and the thinking as reflected in the monetary policy account of the meeting held on 4-5 March”.
“This means that whilst the GC’s decisions have made a “strong contribution in confronting the risks of too prolonged a period of low inflation…”, they are unlikely to see a need “… to reconsider any of the parameters underlying the expanded APP.”
“The focus, then, is likely to be “on the decisive implementation of the measures decided previously”, to quote ECB Chief Economist Peter Praet”.