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Draghi Returns To Jackson Hole With A Dovish Message

Published 08/18/2017, 09:06 AM

ECB president Draghi is returning from summer holidays and will speak at Jackson Hole for the first time since his 'QE hint' in 2014

We expect a continued dovish stance from Draghi as the euro appreciation will dominate factors suggesting a more hawkish stance

The ECB minutes revealed concerns about the euro overshooting which once again suggests the ECB's exit will be very gradual

We expect the ECB to focus on the stock instead of the flow argument when revealing its QE strategy for 2018

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