Draghi Starts ECB Press Conference

Market news

5 July 2012

Draghi Starts ECB Press Conference

- Growth Risks Relate To Potential Rise In Energy Prices

- Inflation Likely To Decline Further In Course of 2012

- ECB Still Expects Inflation To Fall Below 2% In Early 2013

- Underlying Price Pressures To Remain Moderate Amid Modest Growth

Draghi: We Have To Make Do With Current Size Of ESM

U.S.: Initial Jobless Claims, 374 (forecast 385)

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