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24 Sep 2014
ECB's Draghi: Monetary policy to remain accommodative until inflation close to 2%
FXStreet (Łódź) - ECB head Mario Draghi said on Wednesday during an interview for French Europe 1 radio that the central bank would maintain an easy policy stance for an extended time, until Eurozone inflation climbs back towards the 2% target level.
Draghi added that the Governing Council was "unanimous in committing itself to using the tools at its disposal to bring inflation back to just under two percent." The ECB will do whatever is necessary to safeguard the euro, he assured.
Nevertheless, Draghi said he didn't see a risk of deflation in the Eurozone. He suggested that the biggest problem currently was the still excessively elevated unemployment.
He assured however that he didn't see a risk of deflation.
EUR/USD remained unmoved by the repeated message, at 1.2845.
Draghi added that the Governing Council was "unanimous in committing itself to using the tools at its disposal to bring inflation back to just under two percent." The ECB will do whatever is necessary to safeguard the euro, he assured.
Nevertheless, Draghi said he didn't see a risk of deflation in the Eurozone. He suggested that the biggest problem currently was the still excessively elevated unemployment.
He assured however that he didn't see a risk of deflation.
EUR/USD remained unmoved by the repeated message, at 1.2845.