Markets await Yellen speech for clarity but ECB dampens hopes of immediate easing
Posted on September 24, 2015 at 11:27 am GMTECB President Mario Draghi on Wednesday dampened expectations that the European Central Bank will announce further stimulus measures anytime soon saying it was “too early to judge”. While Draghi acknowledged the downside risks to Eurozone growth and inflation outlook posed by the recent developments in China and in financial markets, he said more time would be needed to assess their full impact. The slowdown in China and other emerging economies, the recent appreciation of the euro and falling commodity prices [..]