Initial Jobless Claims 320K vs 295K Expected
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Draghi says ECB will buy negative-yield debt down to deposit rate (FXE)
March 5, 2015 8:53 AM ESTDraghi says ECB will buy negative-yield debt down to deposit rate.
... MoreDraghi sees QE continuing beyond Sept. 2016 if needed
March 5, 2015 8:48 AM ESTDraghi sees QE continuing beyond September 2016 if needed.
... MoreECB Boosts FY15, FY16 Real GDP Outlook; Sees Avg. Inflation at 1.8% in FY17 (FXE) (UUP)
March 5, 2015 8:39 AM EST(Updated - March 5, 2015 8:56 AM EST)
The ECB sees FY15 and FY16 GDP growth of 1.5 and 1.9 percent, versus prior expectations calling for growth of 1.0 and 1.5 percent, respectively. The ECB is also looking for FY17 GDP growth of 2.1 percent.
ECB president Mario Draghi sees average inflation of 1.8 percent in FY17.
UPDATE - The following is Draghi's preliminary commentary ahead of today's press conference:
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference, here, in Nicosia. I would like to thank Governor Georghadji for her kind... More
