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    Draghi press conference

    Mario Draghi has just begun his press conference and has said the following important quotes:

    • Rates to stay at present or lower levels for some time
    • QE will run until March 2017 or further
    • QE will run until ECB sees sustained adjustment in inflation towards target
    • ECB will use all instruments in its mandate if needed
    • Q2 growth may be slower than Q1
    • Recovery will continue at a moderate pace
    • The balance of risks to growth has improved thanks to monetary policy measures
    • Inflation likely to remain very low or negative in the next few months before picking up in the second half of 2016
    • HICP inflation at 0.2% in 2016, 1.3% in 2017 and 1.6% in 2018- This shows a 0.1% upward revision to the reading for the present year and the next two years left unchanged
    • No decision taken on Greek waiver
    • Ready for any outcome on UK?EU referendum vote

    Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.

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