Draghi speech: Information confirms robust pace of economic expansion

Mario Draghi, President of the ECB, is delivering his remarks on the bank's monetary policy decision in a press conference with key quotes, via Reuters, found below.

Information confirms robust pace of economic expansion.

Economy accelerated more than expected.

Strong cyclical momentum strengthen further confidence that inflation will converge to target.

Domestic price pressures muted, yet to show convincing upward trend.

Key notes

EUR/JPY flirting with lows, around 135.00 mark ahead of Draghi.

The EUR/JPY cross held on to a mildly weaker tone for the third consecutive session and had a rather muted reaction to the ECB announcement.

EUR/USD around 1.2400 post-ECB.

The single currency keeps the negative tone after the European Central Bank left its monetary policy intact at today’s meeting, with EUR/USD around the 1.2400 area, close to daily lows.

About Mario Draghi

The European Central Bank's president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).