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3 Apr 2014
Draghi's press conference: Further monetary easing not excluded
FXStreet (Łódź) - Following the ECB Governing Council's decision to keep rates unchanged at the April meeting, president Mario Draghi said at the subsequent press conference that the moderate recovery in the Eurozone is progressing as expected.
• “We will monitor all developments and consider all available instruments.”
• Further monetary easing is not excluded, Draghi signals.
• The ECB head reiterates the the forward guidance policy of maintaining interest rates at current or lower levels for an extended period of time
• The Governing Council is unanimous in its commitment to using unconventional instruments within its mandate.
• Inflation expected to remain low for a prolonged period of time.
• “We will monitor all developments and consider all available instruments.”
• Further monetary easing is not excluded, Draghi signals.
• The ECB head reiterates the the forward guidance policy of maintaining interest rates at current or lower levels for an extended period of time
• The Governing Council is unanimous in its commitment to using unconventional instruments within its mandate.
• Inflation expected to remain low for a prolonged period of time.