Market Soars on "Whatever It Takes" Mush From Draghi; Another "Saved Again" Moment
July 26, 2012
Let’s take a look at additional Draghi comments as reported in the Financial Times article Draghi hints at return of ECB bond buying The euro strengthened on Thursday after Mr Draghi said the ECB was “ready to do whatever it takes†within its mandate to preserve the single currency. “Believe me, it will be enough,†Mr Draghi told a conference in London.“To the extent that these premia have to do not with factors inherent to my counter party, they come into our mandate, they come within our remit, Mr Draghi said. “To the extent that the size of the sovereign premia hamper the functioning of the monetary policy transmission channels, they come within our mandate.â€â€œThe ECB appears to be keen to increase the threat of the SMP being woken from its hibernation period,†Mr Wattret wrote in a note.
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Market Soars on "Whatever It Takes" Mush From Draghi; Another "Saved Again" Moment
