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Will adjust QE program as appropriate if necessary – ECB’s Draghi

FXStreet (Mumbai) - The European Central Bank (ECB) President Mario Draghi, in his introductory remark at the Econ hearing, reiterated that the bank stands ready to alter the size, duration or composition of its current QE program if necessary.

Key Quotes on inflation

Slower increase in inflation is being suggested by forecasts

Sees inflation close to zero in ‘very near-term’ -cannot tell if weakness will last yet, is too early

Inflation seen rising towards end-2015

ECB can alter QE – ECB’s Praet

The European Central Bank (ECB) member Praet reiterated today that the bank can alter its QE program – size, composition, duration.
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Wall Street off to a nervous start

The Wall Street got off to a nervous start on Wednesday as investors worried about China and EM economic slowdown turned a blind eye towards uptick in the European markets.
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