Former ECB Head Draghi: Central banks must be ready to use all tools in their mandate

Former European Central Bank (ECB) President Mario Draghi was on the wires last minutes, speaking at the ECB conference, where the current President Lagarde delivered the opening remarks but made no comments on monetary policy or economic outlook.

Market prices are a mirror of policy stance.

Central banks must be ready to use all tools in their mandate.

Meanwhile, EUR/USD stays undeterred below 1.1150 so far this Wednesday, having bounced-off fresh two-day lows of 1.1127.