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2 Oct 2013
Flash: Draghi Sticks to Stance--Ready to Do More if Needed - BBH
FXstreet.com (London) - Research teams at BBH explained that the ECB has not changed its policy or its guidance.
Key Quotes:
“The ECB is prepared to do more if needed and the risks to growth remain on the downside”.
“The overall assessment is the same as before. Inflation is subdued, as are monetary aggregates and credit. He noted that Q2 growth was partly a recovery from the weather induced weakness in Q1, but that Q3 has begun off softer”.
“Balance sheet adjustments continue to weigh on activity. Draghi also presses governments to do their part and reduce deficits and debt levels and to enact structural reforms”.
Key Quotes:
“The ECB is prepared to do more if needed and the risks to growth remain on the downside”.
“The overall assessment is the same as before. Inflation is subdued, as are monetary aggregates and credit. He noted that Q2 growth was partly a recovery from the weather induced weakness in Q1, but that Q3 has begun off softer”.
“Balance sheet adjustments continue to weigh on activity. Draghi also presses governments to do their part and reduce deficits and debt levels and to enact structural reforms”.