Draghi Speech: Monetary policy has continued to secure very favourable financing conditions needed

Mario Draghi, President of the ECB, is giving his remarks on the monetary policy decisions, with key headlines, via Reuters, found below:

• Monetary policy has continued to secure very favourable financing conditions needed
• Economic expansion continues to expand in euro zone economy
• Risks to growth outlook broadly balanced
• Growth yet to translate into stronger inflation dynamics
• Measures of underlying inflation subdued
   

Key notes:

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EUR/JPY muted around 129.00 handle post ECB announcement

The EUR/JPY cross surrendered all of its early tepid gains and dropped to the lower end of daily trading range post-ECB decision. Read more

ECB's press conference

Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the EUR, whereas his dovish view is considered as negative, or bearish.