ECB's Draghi says exchange rate represents a source of uncertainty; ECB needs to be patient and persistent

Says: 

- Still requires a very ample degree of monetary policy accommodation. 

- The recovery has accelerated and broadened.

- ECB is becoming more confident that inflation will eventually head to levels in line with inflation aim.

Reaction details (14:07)

- No immediate reaction was observed in European asset classes. 

Analysis details (14:05)

- These comments are broadly in line with comments from Draghi during the last ECB conference where he stated that the recovery is accelerating but cautioned on the need to remove stimulus too rapidly.  

25 Sep 2017 - 14:01- Fixed IncomeBank Speaker- Source: ECB

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