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Draghi: ECB has discussed all assets but gold

FXStreet (London) - Speaking at the press conference following the European Central Bank’s decision to hold rates, ECB president Mario Draghi has said that the ECB would not need to be unanimous to roll out sovereign QE, but that a programme could be designed to ensure consensus on the governing council saying that “we have to remember we have a mandate and we don’t tolerate prolonged deviations from our mandate.”

Draghi added that in terms of asset purchases the ECB had discussed “all assets but gold.”

US stocks likely to see rise in volatility today

The US index futures are trading volatile ahead of the opening bell after the European Central Bank (ECB) disappointed market expectations by holding-off more monetary firepower till the next quarter, while revising growth and inflation forecasts.
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ECB says much about doing nothing – BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, highlights the key points out of today’s ECB meet, while noting that ECB stands ready to do more next year.
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