ECB: Draghi on a dovish side – Danske Bank

Analysts at Danske Bank note that the ECB President Mario Draghi was also dovish yesterday, saying ‘there is no room for complacency’ as ‘recent economic developments have been weaker than expected’ and ‘uncertainties remain prominent’.

Key Quotes

“He believes ‘a significant amount of monetary policy is still needed to support the further build-up of domestic price pressures’. In particular, we take note of the ‘no room for complacency’ comment, which opens up for a dovish message after the next ECB meeting on Thursday 24 January.”