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ECB chief Draghi hints of possible QE to combat low inflation – TradeTheNews

FXStreet (Barcelona) - The TradeTheNews Team note that at today’s meeting ECB chief Draghi hinted at undertaking possible QE measures to fight the inflation challenge.

Key Quotes

“ECB chief Draghi stressed that the inflation situation was increasingly challenging and would seek to raise inflation as fast as possible; reiterated view that Council was ready to step up action if needed. Committed to adjust size, pace and composition of asset purchases if needed."

"Draghi stressed that large asset purchases in the US, Japan led to exchange rate depreciation."

"The potential for EU QE led the EUR/USD to test below the 1.2435 area and sent peripheral yields back to record lows"

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