Draghi Debrief: Confidence On Growth Sends The EUR/USD Higher

Euro May Fall as PMI Data Sets the Stage for Dovish ECB

Euro May Fall as PMI Data Sets the Stage for Dovish ECB

As the central bank approaches technical limits to its bond-buying, it has little choice but to hope such forecasts come true as it tiptoes on a path out of QE defined by Draghi's favourite adjectives: "confidence, patience, persistence and prudence".

The bank also reiterated that its bond purchasing scheme would remain at its current monthly pace of €30bn until at least the end of September 2018, or until the council had seen a sustained change in inflation towards its target of almost two per cent.

The ECB governing council at its meeting today decided that the interest rate on the main refinancing operations, the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00 per cent, 0.25 per cent and (-) 0.40 per cent respectively.

"Overall, however, growth is expected to remain solid and broad-based", he told a news conference after European Central Bank policymakers held their meeting.

WhatsApp is banning under-16s in Europe ahead of GDPR
You'll then be brought to your individual Settings and Privacy section, where we will ask you to review your key current settings. Are you excited to get this major update of WhatsApp? "Most importantly, you should have meaningful control over both", he added.

Austrian Governor Ewald Nowotny called for a debate on what the European Central Bank will do after quantitative easing runs out in September, according to the people, who asked not to be identified because Governing Council sessions are confidential.

The ECB president is not expected to offer any clues about when the bank will end its stimulus program, under which it purchases 30 billion euros ($37 billion) of bonds per month. But with the risk of a global trade war still looming, it may not make a decision until absolutely necessary.

Business sentiment has already taken a hit, particularly in export-focused Germany, and a full-fledged trade war could quickly hurt growth - a risk already highlighted by policymakers at the ECB's March meeting.

Economists have predicted first quarter growth of 0.5 percent, compared to 0.7 percent in the last quarter of 2017.

Florida Deputies Shot Dead While Eating At Chinese Restaurant
A gunman fired inside a north Florida restaurant Thursday afternoon, killing two deputies who were getting food, officials said . The Washington Post quoted Gilchrist County Sheriff's Office saying, "Both our heroes had simply sat down to eat while on duty".

Lower interest rates and QE are created to pump cash through the financial system and into lending to firms and households - powering economic growth and inflation. But a slew of recent data suggests the eurozone area has lost some of its momentum.

Euro zone inflation is so weak that even after the creation of 9 million jobs since early 2013, measures of underlying price growth that strip out energy and food are barely rising.

The impact of the euro's strength has been relatively limited so far, however.

It was trading at $1.2175 at 1148 GMT on Thursday, having retraced most of a rally that started in January and took it at one stage as high as $1.2555.

Kanye West Reportedly Tells HOT97's Ebro Darden "I Love Donald Trump"
In the absence of further analysis regarding a dumb celebrity getting duped by Red Pill Twitter, I turn you over to them.

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