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ECB's Draghi: New measures to provide support to TLTRO

FXStreet (Łódź) - The ECB chief stresses that the measures introduced at today's meeting should reinforce the TLTRO program intoduced in June and coming into effect this month.

• ABS will include real estate, Draghi informs.

• It will purchase loans to the real economy.

• "Structural reforms, fiscal policy and monetary policy can jointly support growth."

• Draghi stresses that there is no bargain between Eurozone politicians and central bankers as they all should be doing their own jobs.

ECB's Draghi: ECB's move prompted by worsening inflation outlook in August

When asked about the definition of QE Draghi explains that it's not related to size but rather to the modalities.
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USD/CHF surges to 1-year highs

USD/CHF rallied to a fresh 1-year high as the franc weakened, moving in tandem with the euro, after announcement of rate cuts and asset buying program by the European Central Bank.
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