ECB: Focus on Draghi today – RBC CM

Research Team at RBC Capital Markets, suggests that the ECB President Draghi will today appear before the German Parliament’s European Affairs Committee to discuss ‘current developments in the euro area’.

Key Quotes

“The session itself will take place behind closed doors ‘at the request of the Deutsche Bundestag’ according to the ECB’s website. The text of President Draghi’s contribution will be made public but it’s possible that, as with his appearance at the European Parliament earlier this week, this will be his prepared statement (which deviated little from his post-Governing Council statement) and not the transcript of the Q&A session. Also today, Estonian Central Bank Governor Hansson is scheduled to speak.”