ECB President Draghi: More rate cuts are part of the central bank's toolkit

Market news

18 June 2019

ECB President Draghi: More rate cuts are part of the central bank's toolkit

QE still has considerable headroom
QE limits are specific to contingencies faced by the ECB
If outlook doesn't improve, additional stimulus is needed
Negative rates have proven to be a very important tool
Indicators for the coming quarters point to lingering softness
ECB able to enhance forward guidance by adjusting its bias and conditionality to account for variations in adjustment path of inflation
In the coming weeks, we will deliberate how our instruments can be adapted commensurate to the severity of the risk to price stability

Dovish comments from Draghi sent euro to its low for the day with EUR/USD testing the 1.1200 handle currently.

Commodity returns to grow amid easing monetary policy - Goldman Sachs

Draghi to talk down the EUR – Danske Bank

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