Italy's PM Draghi: Euro area inflation remains low, necessitating accommodative monetary policy

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1 July 2021

Italy's PM Draghi: Euro area inflation remains low, necessitating accommodative monetary policy

This may not be the case in future if inflation expectations exceed ECB's target on sustained basis
EU must consider how to allow all member states to issue safe debt to stabilise their economies
Discussion on the reform of stability pact is ideal opportunity to do this
Expects European Commission to hike its growth forecast for Italy and EU as whole

USD/CAD: Rising domestic demand as restrictions ease set to underpin the loonie - Credit Suisse

USD/CNH forecast to keep the side-lined theme - UOB

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