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Draghi’s disappointed this week - Rabobank

FXStreet (Barcelona) - Analysts at Rabobank explained that Draghi’s accompanying press conference was somewhat of a disappointment, as a lot of details were left out.

Key Quotes:

“Most importantly, Draghi did not say a word about risks to the inflation (what happened to “broadly balanced”?).”

“…nor did he give any specific details on the size of the purchase programmes – while also taking a step back from his previous comments about a EUR 1tn balance sheet expansion, by stating that this is not a target for the central bank”.

“As our eurozone strategist, Elwin de Groot, concludes:“further measures are definitely not off the table, but the ECB does not seem able or willing to keep pace with the markets”.

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