• ECB, Draghi: ongoing recovery and rise in CPI. Eur/Usd on the rise

Market news

21 July 2016

ECB, Draghi: ongoing recovery and rise in CPI. Eur/Usd on the rise

- ECB sees rates remaining at present or lower levels for an extended period of time

- Sees ongoing recovery and rise in CPI

- ECB will monitor developments closely

- New staff forecasts will help ECB assess conditions

- Recovery to continue at moderate pace

- ECB still sees support from low oil prices

- Inflation to remain low in coming months

- Inflation should pick up later in 2016

- Early survey showed no major inflation impact from Brexit

- Will be monitoring for further Brexit influences

- If there are problems, ECB will use all instruments if needed

- Bank equity prices are of some significance for policy makers

*via forexlive

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