Mario Draghi wants to prod up inflation

Source: Bloomberg
© Scanpix/RS
The difficult economic context of the Euro zone and weak confidence in its ability to weather the current headwinds have been pushing down the inflation expectations towards the levels referred to by Mario Draghi as 'excessively low'. According to the ECB's President speech at the 24th European Banking Congress held in Frankfurt, the monetary authority does not rule out buying sovereign debt as a measure to lead the bloc away from deflation. As a result, the Euro fell against all of its major counterparts, giving up 0.92% against the US Dollar and 0.66% against the Japanese Yen.
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