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Complex stimulus should help boost inflation – ECB’s Praet

FXStreet (Mumbai) - The European Central Bank (ECB) chief economist Praet, while speaking in London, expressed confidence that the unconventional policy tools are likely to help boost inflation in the Eurozone.

Key Quotes

Substantial evidence that the stimulus has intended effects

Loan supply to benefit from the staggered TLTRO impact

Governing council saw increasing downside inflation risks

AUD/USD neared 23.6% Fibo support

The AUD/USD pair extended losses to hit a session low near 0.7204 (23.6% of 0.8163-0.6907+76.4% of 0.6006-1.1080).
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CHF: SNB on hold, observing further ECB actions – Goldman Sachs

Research Team at Goldman Sachs, notes that the SNB kept policy rates unchanged at its December monetary policy assessment and expressed its readiness to thwart appreciation pressures on the CHF as necessary.
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