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.
