Breaking News: Draghi says higher rates aren’t Warranted Presently

Draghi says higher rates aren’t warranted currently And;

•  Hard to disagree with BIS that low rates for long pose risks
•     ECB shares principle of objective of FTT
•     FTT has many undesired consequences for monetary policy

EUR/USD on the up as Draghi puts “low rates” and “risk” in one sentence.

How “forward” is forward guidance then and when does the risk enter?

EUR/USD clawing back from Fridays losses. Now at 1.2870 from 1.2842