ECB: Draghi sounded some words of warning - BBH

ECB chief Draghi sounded some words of warning as while promising predictable policy, he stressed that the bank still needs to see evidence that inflation dynamics are moving in the right direction, explains the research team at BBH.  

Key Quotes

“He added that the ECB will remain “patient, persistent, and prudent.”  Draghi also said recent euro gains can’t be explained just by the stronger economy.  Yesterday, ECB’s Lane said that the pace of the euro’s move is more important than the level.”