OctaFX | OctaFX Forex Broker
Open trading account
Back

ECB's Draghi: New measures won't work if not accompanied by structural reforms

FXStreet (Łódź) - ECB head explains that the new the measures were taken in order to counter the damaging effects of keeping rates at low levels for an extended period of time.

• Draghi refuses to answer how much the ECB would like to expand its balance sheet.

• The ECB's mandate is to bring inflation close to 2%, he stresses.

• Draghi also emphasizes that measures won't work without actions from national governments, implementation of structural reforms.

• "Problems are not only structural. Unemployment is high. Unutilized capacity is sizeable. There is a need for demand policies."

• Italy's govenment to balme for the country's problems.

GBP/USD holds above lows as Dragi remains on the scenario

The Sterling pared losses against the US Dollar as investors are expecting more details from Draghi on ECB plans.
Read more Previous

ECB's Draghi: Slight decrease in labor market slack becoming evident

Mario Draghi points to the weakness and fragility of the Eurozone recovery.
Read more Next
Start livechat