"The recent volatility in the exchange rate represents a source of uncertainty which requires monitoring with regard to its possible implications for the medium-term outlook for price stability," ECB President Mario Draghi told a news conference. "Based on today's data and today's projection I see very few chances at all that interest rates will be raised this year. The refinancing rate probably won't rise until the latter half of next year. Governor Stephen Poloz said last month he is increasingly confident the economy will need less stimulus over time. "We didn't walk into this as if it was a no-brainer, that it was time to move rates.

Source: Economic Times January 28, 2018 05:37 UTC