ECB head Mario Draghi gives nothing away on policy path ahead of Jackson Hole….
President Mario Draghi gave little indication about the next steps for monetary policy in the euro zone during a speech on Wednesday ahead of a key meeting between central bankers. The European Central Bank chief seemed to have learned from his own mistakes by avoiding commenting on how and when he might bring monetary stimulus to an end. Speaking at a conference in Lindau, Germany, Draghi praised economists' research and said that adjustments to monetary policy are "never easy." However, he made no reference to how the bank might adjust its own policy to the improving economic data across the euro zone, a highly debated issue among market participants. “All signs now point to a strengthening and broadening recovery in the euro area.
(Impact: Supporting EURUSD)
Source : CNBC
More will update soon!!
