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What to expect from the statement of Mario Draghi today at 14:45

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Governors of the European Central Bank meet today to decide the future of monetary policy in the eurozone.
Two percent inflation might not be sufficient to proceed to a change in interest rates.
The meeting comes against the backdrop of significant economic growth in the euro area, which could shake the plans of Mario Draghi for the current monetary policy and good data coming from the economy to force him to change course. Inflation is back near its target of 2% for the first time since 2013. This indicator is the most important factor that influences the ECB decide whether to increase the interest rate or change the incentives.
Analysts say it is too early to talk about changing interest rates.
The decision on interest rates is expected today at 14:45, then at 15:30 is scheduled statement of Mario Draghi where we will get a clearer picture of what follows better data that gives the economy. For several meetings Draghi said that the ECB will not change interest rates until he sees permanently keep inflation at levels of 2% or more, while his leaving room for further bringing down interest rates and increase cash incentives.
Currently, the ECB has created a huge headache for investors who are trying to decide when the bank will discontinue its program of buying bonds.
Analysts' expectations today are that the ECB will not change either interest rates or its program of buying bonds. ECB governors have indicated they want to continue the program of quantitative easing as early as December of this year. Veer is expected this year, but later, probably at the end of the summer.


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