Currency Analyst since 2010

ECB Draghi's press conference

Key points

  • ECB expects rates to stay low for a prolonged time period. All the ECB members support the unconventional policy measures if needed
  • Economic risks remain on the downside
  • Price risks are balanced in the medium term
  • From January 2015 ECB meetings will take place every 6 weeks. What’s more. ECB will publish monetary policy minutes.

Targeted long term refinancing operations (TLTRO)

  • There will be 6 TLTRO’s running through June 2016
  • TLTRO volume could be 1 trillion
  • TLTRO’s will help boost inflation
  • More details on TLTRO will come at 13:30 GMT

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