Draghi Speech: Headline inflation dampened by energy prices

Mario Draghi, President of the ECB, continues to make comments on monetary policy, with key headlines, via Reuters, found below:

• Headline inflation dampened by energy prices
• Very substantial degree of accommodation still needed
• Global recorvery supporting euro zone exports
• Global recovery should lend support to trade
• Sluggish reforms dampen growth prospects

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.