Q&A underway:
- The ECB discussed an interest rate cut
- We have a vast array of instruments we could use, exclude none including LTRO
- Exchange rate important for growth and price stability
He was very measured in the exchange rate comment, sounding like he wanted to send a slightly negative signal without jawboning. The market doesn’t care and is buying the euro for no particular reason so far.
Mario Draghi Oct 2 in Paris at ECB press conference
More comments:
- Inflation developing as expected
- We will be monitoring inflation closely
