Draghi - Low rates will stay well after end of QE

ECB’s Draghi assured markets that low interest rate would remain in place well after the end of QE, which as of now, is scheduled to end in March 2017.

Key Quotes

Interest rates will remain at or below current rates for an extended period

Low rates will stay long after end of QE

Will monitor inflation outlook

Draghi – QE will run longer if necessary

ECB’s Draghi, while explaining today’s decision to cut rates and expand QE, said the stimulus will reinforce momentum of the Eurozone's recovery and the QE program will go on till March 2017 or beyond if necessary.
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USD/JPY soars above 114.00 after ECB, jobless claims

USD/JPY staged a decent rally and broke above the 114 mark, as the dollar strengthened following the surprise ECB decision, which was fueled by better-than-expected US jobless claims data.
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