Showing posts with label Draghi. Show all posts
Showing posts with label Draghi. Show all posts

Friday, September 4, 2015

What Draghi Said on QE, Market Volatility, Greece

 Deborah Hyde
September 4, 2015 — 11:19 AM EEST

Mario Draghi addressed questions on recent market volatility and scope for further ECB action after the central bank downgraded growth and inflation forecasts and raised the limit of a country’s debt it can buy citing downside risks to the euro-area economy.
Here's the checklist of what Draghi said at yesterday's press conference:
HICP rates will remain very low in the near term, may even turn negative toward end of year also due to base effects of oil; impact will be “transitory” due to oil.
Inflation likely to pick up during 2016 and 2017 although more slowly than anticipated thus far.
Downside risks to September projections remain.