ЕСB, Draghi’s speech

Head of ECB Mario Draghi said that the exchange rate is not a policy target but that a further strengthening of the euro could provoke more easing. 

ECB head also suggested that if the medium-term outlook for inflation deteriorated, the central bank could initialize broad-based asset purchases. 

Draghi said that the Governing Council was discussing the possibility of publishing minutes from the monetary policy meetings as well as changing the frequency with which the meetings are held.

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