• Draghi: very substantial degree of accommodation still needed

Market news

27 April 2017

Draghi: very substantial degree of accommodation still needed

  • Inflation likely to increase in april

  • Risks remain tilted to the downside

  • Underlying inflation to rise only gradually

  • Inflation likely tohover around current level until year-end

  • Foreign demand should add to resilience of exspansion

  • Economic recovery dampened by sluggish reform effort

Upgrades and downgrades before the market open
Draghi says idicators suggest recovery becoming increasingly solid. EUR/USD up 50 pips
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