ECB Draghi
Forex News: ECB Draghi on the wires
Posted by Greg Michalowski on Fri, 07/18/2008 - 8:04am in
- ELEVATED INFLATION MORE PERSISTENT THAN THOUGHT
- PRICE EXPECTATIONS BETTER ANCHORED THAN IN PAST
- POLICY COMMUNICATION CURRENTLY MORE CHALLENGING
- SAYS CENTRAL BANKS MUST MATCH WORDS WITH DEEDS
- MARKET TURMOIL CONFIRMS ECB'S MONETARY ANALYSIS
- ECONOMIC FORECASTS HAVE BECOME MORE DIFFICULT
- HEIGHTENING AWARENESS OF WORSENING CPI RISK
- PRICE EXPECTATIONS STOPPED RISING AFTER RATE HIKE
- TIMELY RATE MOVE BETTER THAN LATE CORRECTIONS
Analysis: The sabre rattling continues from the ECB about inflation. They are intent on wringing out the secondary effects of inflation.
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