Some important points from the ECB
President Mario Draghi speech:
·
ECB President repeated
diplomatically the size of balance sheet. To move the current
size towards 2012 levels
·
He said that the ECB is unanimous
in commitment to act again if needed and measures to be prepared
for use if needed
·
ECB President sees indications for downward
revisions of forecasts
·
Purchase program to last at
least 2 years
EURO dropped
approximately 120 pips on these comments
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