Draghi strongly defends ECB’s past response to low inflation - TDS

Research Team at TDS, notes that President Draghi has just delivered a speech on the causes of and response to low global inflation.

Key Quotes

“Given that he just gave a speech 10 days ago, there’s not a lot of new information here, but he does strongly defend the ECB’s past response to low inflation (and discusses challenges associated with it), and reiterates that the ECB will continue to fight hard against it. So if anything, it’s an interesting backward-looking piece with a familiar activist tone, and doesn't change our view for March.”