Draghi: ECB didn't discuss QE extension today
Into the Q&A
EURUSD shooting higher as the market thinks that means they are not decided.
- Extraordinary mon pol measures won't last forever
- ECB will look through blips in the data
- ECB needs the path of inflation towards target to be self sustaining
- ECB held a seminar on QE options
- We did not discuss tapering
- Did not discuss intended horizon of asset purchase program
That's put a bit of a pin in the rally.