ECB’s Coeure – QE is working

FXStreet (Mumbai) - The European Central Bank (ECB) member Benoit Coeure, while speaking at Davos, assured markets that the bank’s EUR 60 billion per month program is working.

Earlier today, ECB’s Nowotny said the Eurozone inflation could turn negative in H1 2016 due to the slide in oil prices, but refrained from discussing possible actions in March.

Nowotny Key Quotes

Going back towards 2% inflation target is vital for the stability of the Eurozone

ECB stands ready to reconsider policy stance

ECB is committed to its mandate

ECB communicated clearly yesterday

Jan 22, 2016

CAD: Retail sales and CPI data in sight – BBH

Research Team at BBH, suggests that Canada reports retail sales and CPI in today’s session.

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Jan 22, 2016

Super Mario signals high chance of easing in March – MUFG

Derek Halpenny, European Head of GMR at MUFG, suggests that the tumultuous start to 2016 for the financial markets appears to have had a notable impact on the ECB as President Draghi gave a clear signal that additional monetary easing is under consideration just seven weeks since the last easing on 3rd December.

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