Comments from the ECB's Draghi

  • Underlying inflation is expected to pick up

  • Risks to growth remain broadly balanced

  • Our confidence in the inflation path is rising

  • Our measures are playing a decisive role in bringing inflation back on track to reach target

  • Reiterates that ECB sees rates unchanged at least through summer 2019

  • Reiterates ECB commitment to reinvestment policy

  • Developments on non-performing loans are going in the right direction

Upbeat comments from Draghi but similar to what we've heard recently. No moves in EUR/USD, which remains up 36 pips to 1.1781 today.

He's in Parliament so the comments will continue for awhile.