ECB's Draghi says it is too early to declare success, underlying inflation pressures continue to remain subdued and have yet to show a convincing upward

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10 May 2017

ECB's Draghi says it is too early to declare success, underlying inflation pressures continue to remain subdued and have yet to show a convincing upward

Monetary policy measures always have side effects
We do see that real estate dynamics or high household debt levels in some countries signal the risk of increasing imbalances
We do not currently see compelling evidence of overstretched asset valuations at the euro area level
Maintaining the current very substantial degree of monetary accommodation is still needed
We are monitoring these various effects carefully

We continue to expect USD/CAD will reach the 1.40 level through the middle of the year before USD gains moderate again - Scotiabank

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