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Currency Analyst since 2010

ECB: Mario Draghi’s press conference

-          ECB will conduct quantitative easing (QE) until Sep. 2016 or until it sees sustained inflation path adjustment towards target.

-          QE is successful.

-          GDP forecasts remain unchanged at 1.5% in 2015 and 1.9% in 2016. Forecast for 2017 is cut from 2.1% to 2.0%.

-          Inflation forecast is revised up from 0.0% to 0.3% in 2015, but unchanged at 1.5% in 2016 and 1.8% in 2017.

-          Draghi wants strong agreement on Greece, the one which would be fair and encourage growth.

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