Draghi easing hint sends yields plummeting

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By Mike Turner
18 Jun 2019

European Central Bank boss Mario Draghi sent European govvie yields plunging on Tuesday by redoubling rhetoric that more easing is on its way, leading to an immediate claim of unfairness from US president Donald Trump.

Draghi gave a speech about two decade’s of the ECB’s monetary policy in Portugal on Tuesday, in which he heavily hinted towards either rate cuts or more bond purchases by the Bank.

“If the crisis has shown anything,” said Draghi, “it is that we will use all the flexibility ...

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