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Draghi speech: Labour cost pressures have strengthened
Following the European Central Bank's expected decision to keep the benchmark interest rate steady at 0%, Mario Draghi, President of the ECB, is delivering his remarks on the bank's policy outlook in a press conference with key quotes, via Reuters, found below. "Risks around growth outlook tilted to the downside." "Inflation likely to decline in coming months." "Inflation likely to rise again towards end of the year." "Underlying inflation muted." "Labour cost pressures have strengthened." "Pass-through to cost pressures taking longer than previously expected." ... (full story)
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Draghi speech: Outlook is getting worse and worse
Following the European Central Bank's expected decision to keep the benchmark interest rate steady at 0%, Mario Draghi, President of the ECB, is responding to questions from the press with key quotes, via Reuters, found below. "There was broad agreement on the outlook." "Still see signs of strength in the economy." "Outlook is getting worse and worse." "Outlook getting worse and worse in manufacturing especially." "Possibility of hard Brexit is another factor." "Slow rotation of Chinese economy affecting the present outlook." "Rebound in second half becoming less likely." "On inflation side, we see convergence ... (full story)
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#ECB’s #Draghi says says committment to symmetry new in ECB's language
— Mauro (@Trader_Mauro) July 25, 2019
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Draghi: Introductory Statement
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today’s meeting of the Governing Council, which was also attended by the Commission Vice-President, Mr Dombrovskis. Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unchanged. We expect them to remain at their present or lower levels at least through the first half of 2020, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to our aim over the medium term. We intend to continue ... (full story)
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