Draghi speech: risk to growth are balanced

The ECB President Mario Draghi's presented the central bank’s quarterly update of the economic projections and said that risks to growth are balanced while inflation to hover around current levels in coming months.

ECB March Quarterly Projections: 

   •  GDP: 2.4% in 2018 (prev 2.3%), 1.9% in 2019 (prev 1.9%), 1.7% in 2020 (prev 1.7%)
   •  HICP: 1.4% in 2018 (prev 1.4%), 1.4% in 2019 (prev 1.5%), 1.7% in 2020 (prev 1.7%)

EURJPY higher on Draghi's comments

The EUR/JPY is trading at around 131.76 up 0.08% on the day. The pair rose more than 50 pips after Draghi announces that key interest rates stay uncha
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Draghi speech: will continue to monitor FX developments

Continuing with his post-meeting press briefing, the ECB President Mario Draghi was further noted saying:    •  Underlying inflation remains subdued
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