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ECB dovish, but does it matter? — #SaxoStrats
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European Central Bank president Mario Draghi delivered a dovish statement, but how does it affect the markets? Saxo Bank’s head of FX strategy John Hardy explains.
The ECB lowered its inflation forecasts for 2018 and 2019 to 1.3% and 1.6% respectively, versus 1.6% and 1.7% previously.
Hardy discusses how there are two ways to interpret the ECB’s latest statement.