Euro Rate Fell After Mario Draghi’s Press Conference
Speech by ECB President Mario Draghi on April 10, 2019
At the subsequent press conference, ECB President Mario Draghi noted that the economy continues to be negatively affected by several external factors, although the impact of some internal issues has significantly decreased. At the same time, the ECB sees clear evidence that growth in the European economy is slowing. Nevertheless, the ECB assesses recession risks as very low.
Regarding the TLTRO program, its details will be revealed at upcoming meetings, as the ECB Governing Council sees the need for further analysis of the situation.
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Mario Draghi (Italian: Mario Draghi; born September 3, 1947) is currently the President of the European Central Bank (ECB), holding this position since November 2011. Mario Draghi is from Italy, Rome, where he served as Governor of the Bank of Italy from 2005 to 2011.
European Central Bank (ECB) is the central bank of the European Union and the eurozone, implementing and controlling the monetary policy of the region. It supports the economic stability and resilience of the euro as a global currency, the second reserve currency after the US dollar.
In this regard, any Mario Draghi speeches are closely monitored by financial markets. Comments on potential changes in monetary policy or the general state of the economy are evaluated by traders, causing rises or falls in euro pairs, mainly EURUSD. Draghi’s speeches can cause significant resonance in these financial instruments and are always marked as important in economic calendars.
Recent Mario Draghi Speeches
- 10.04.2019: Euro Rate Fell After Mario Draghi’s Press Conference
- 26.07.2018: Superuseless Draghi and Boring ECB Crashed Euro Rate by 0.5%
- 19.06.2018: Draghi’s Invasion: Why Did the Euro/Dollar Pair Rate Fall?
- 14.06.2018: Failure and Disaster: ECB Sinks the Euro
- 08.03.2018: ECB Took an Important Step Forward, but Draghi Ruined It
- 25.01.2018: Draghi Only Pushed the Euro Rate Even Higher — ECB Meeting Results
- 14.12.2017: ECB Disappoints Forex Market with ‘Old’ Statements: Euro Rate Falls
- 26.10.2017: Euro Rate Falls! What Did Draghi Say Wrong?
- 07.09.2017: ECB Meeting Results: Draghi Postponed Rally to October
- 20.07.2017: ECB Will Decide What to Do Next in Autumn: Euro Rate Rises
- 29.05.2017: Draghi Set the Dots, but Market Got Disappointed in Euro
- 09.03.2017: Praises from Mario Draghi: Euro Rate Rose After ECB Meeting
- 06.02.2017: Mario Draghi Helped Euro Fall by Dispelling Markets’ Main Hope
- 19.01.2017: Draghi’s Soft Rhetoric Led to EUR/USD Rate Drop
- 08.12.2016: ECB Disrupts Calm in EUR/USD Pair
- 20.10.2016: ECB Meeting Results on October 20: QE Tapering Not Discussed
- 08.09.2016: ECB Meeting on September 8: Why Did Investors Hesitate and EUR/USD Fall?
- 21.07.2016: Draghi Stated ECB Will Be Ready to Reassess Economic Situation in Coming Months. Incoming Data Suggests Q2 GDP Growth May Be Lower Than Q1 2016. Risks Tilted to Negative Side. Inflation to Remain Low but Rise in 2017-2018.
- 02.06.2016: ECB Meeting on June 2: Draghi Disappointed and Inspired at Once
- 10.03.2016: ECB Cut Interest Rate to 0.00% and Expanded QE! EUR/USD Falls
- 21.01.2016: Euro Fell After ECB Meeting: Draghi Decided to Ease Policy on March 10
- 03.12.2015: Mario Draghi’s Speech: EUR/USD Rose as Markets Didn’t Expect QE Trick
- 31.10.2015: Draghi’s Speech Raised Questions Over QE
- 22.10.2015: Euro Collapse: ECB Discussed Deposit Rate Cut
- 23.09.2015: Draghi’s Speech: Will ECB Aim to Weaken Euro?
- 03.09.2015: Mario Draghi: Why Euro Falls Without QE Expansion Hint?
- 16.07.2015: Mario Draghi’s Speech: Everything Going as Planned!
- 03.06.2015: ECB Meeting Results: Why Did Investors Start Buying Euro?
- 14.05.2015: ECB Winding Down QE? Draghi Gave Comments
- 15.04.2015: Mario Draghi Tried to Dispel QE Concerns
- 23.03.2015: ECB President Mario Draghi Hinted at QE Extension
- 05.03.2015: ECB President Mario Draghi Gave Updated Eurozone Forecasts and Commented on QE
- 22.01.2015: ECB President Mario Draghi: Quantitative Easing to Start March 2015, End September 2016
- 04.12.2014: European Central Bank Kept Key Rate at 0.05%
- 21.11.2014: Mario Draghi’s Speech Touched on Increasing Asset Purchases
- 17.11.2014: Mario Draghi Noted Weak Recovery Impulse in Eurozone Economy
- 06.11.2014: ECB Meeting: Main Rate Left Unchanged
- 09.10.2014: Mario Draghi’s Speech: ECB President Outlined Reforms for Eurozone Recovery
- 02.10.2014: Mario Draghi Press Conference: Decision on ABS Purchases and New Covered Bond Program
- 22.09.2014: Mario Draghi’s Speech: ECB Policy to Remain Accommodative for Extended Period
- 04.09.2014: Mario Draghi Press Conference: Governing Council Unanimously Approved Unconventional Stimulus Measures
- 22.08.2014: ECB President Mario Draghi: Weak Euro Supports Eurozone Economy
- 03.07.2014: ECB President Mario Draghi: ECB Can’t and Shouldn’t Act Every Month
- 05.06.2014: Mario Draghi: Current Rates to Stay Unchanged Long-Term
- 08.05.2014: ECB President Mario Draghi: Governing Council Ready to Act at Next Meeting
- 24.04.2014: Mario Draghi: ECB May Launch Asset Purchase Program
- 03.04.2014: ECB President Mario Draghi: Further Policy Easing Not Ruled Out
- 06.03.2014: ECB President Mario Draghi: Gap Between Germany and Troubled Countries Narrowing
- 06.02.2014: ECB President Mario Draghi: No Deflation in Eurozone
- 05.12.2013: ECB President Mario Draghi: Eurozone Situation Differs from Japan
- 07.11.2013: ECB President Mario Draghi: Haven’t Reached Lower Bound for Rates Yet
- 02.10.2013: ECB President Mario Draghi Refused to Weaken Euro
- 23.09.2013: Mario Draghi: No Risks from Low Rates Currently
