Draghi Speech: Won't comment on market reactions

Mario Draghi, President of the ECB, is responding to questions from the press, with key headlines, via Reuters, found below:

• Won't comment on market reactions
• Inflation not where it should be
• After a long time, experiencing robust recovery and only have to wait for prices and wages to move to objective
• Last thing ECB wants is unwarranted tightening of financial conditions
• Has given enough evidence that it has the necessary flexibility

Key notes:

No rush to taper as ECB keeps QE easing bias - ING

According to the latest monetary policy decision, the ECB is staying on the dovish side and does not seem to be in a hurry to move towards tapering, notes Carsten Brzeski, Chief Economist at ING.

EUR/GBP at daily tops near 0.8900 as ECB presser gets underway

The EUR/GBP cross once again met with some fresh supply near the 0.8900 handle and retreated around 30-pips post-ECB announcement. As the ECB presser got underway, the cross quickly spiked back to session tops, albeit remained marginally below the 0.8900 handle. 

ECB's press conference

Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the EUR, whereas his dovish view is considered as negative, or bearish.