Draghi pointed out that the value of Bitcoin had oscillated much more wildly than that of the euro.
Mario Draghi said the ECB is increasingly confident that it will lift inflation back to its target but also faces new obstacles from currency market volatility.
Inflation in Germany’s most populous state remained unchanged on the year in January and fell in three other regions, lending support to the ECB’s caution.
Euro zone inflation could be faster in the coming years while long-term projections remain steady, the European Central Bank’s Survey of Professional Forecasters showed.
The euro’s recent rise on foreign exchange markets is a source of uncertainty for the euro zone’s inflation outlook and ECB policymakers, ECB President Mario Draghi said.
European Central Bank President Mario Draghi said that pumping money into the euro zone economy was still necessary in order to boost inflation.
The dilemma facing the ECB at its meeting will be how to address the euro’s surge against the dollar, a move that threatens to dampen inflation.
The euro steadied at a 3-year high and shares inched back as traders waited to see if the ECB would try to cool the currency’s hottest run in nearly 4 years.
European Central Bank’s asset purchases have not led to “statistically significant” movements in the euro’s exchange rate and currency movements are a mere side effect.
Market moves amount to a tightening of monetary conditions. That buys Mario Draghi some time to phase out negative rates that are at odds with accelerating growth.
To Issue Rs 8800 Cr worth equity shares on preferential basis to GoI
SBI puts Rs 1935 Cr worth loans up for sale to 24 entities
Seeks bids on cash basis or a mix of cash and security receipts
Approves Issue Price At Rs 300.82/Share For Preferential Issue To Govt
Financial Express Reports
POWER GRID CORP
Emerges as lowest bidder for Rs 1000 cr project
To set up Vindhychaal-Varanasi 765 KV transmission line
Financial Express Reports
Arm To Buy 65% Stake In Indian Film Combine Pvt For Rs 1,105 Cr
Arm To Also Buy 20% Of Indian Film Combine From Xander Group Arm, 45% from Co's Promoter Group
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AVIATION IN FOCUS
Jan Domestic Air Passenger Traffic At 1.15 Cr, Up 19.7% YoY
Air India Jan Passenger Load Factor At 84.6% vs 81.8% MoM
Jet Airways Jan Passenger Load Factor At 88.7% vs 88.5% MoM
IndiGo Jan Passenger Load Factor At 89.7% vs 90.8% MoM
SpiceJet Jan Passenger Load Factor At 95.0% vs 95.6% MoM
Air India Jan Market Share At 13.3% vs 13.1% MoM
Jet Airways Jan Market Share At 14.3% vs 14.6% MoM
IndiGo Jan Market Share At 39.7% vs 39.4% MoM
SpiceJet Jan Market Share At 12.6% vs 12.7% MoM