Draghi speech: Broadly balanced assessment shared by all policymakers
Mario Draghi, President of the ECB, is now responding to questions from the press with key quotes, via Reuters, found below.
- Broadly balanced assessment shared by all policymakers.
- Weaker foreign demand could be a product of euro's exchange rate vs EM currencies.
- Countries should take advantage of low rates to rebuild financial buffers.
- We see a pick-up in nominal wage growth everywhere.
- We project slightly lower oil prices, but significantly stronger core inflation.
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About Mario Draghi
The European Central Bank's president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).