BN: *DRAGHI SAYS COUNCIL UNANIMOUS IN NOT SETTING DATE FOR QE CHANGE
*DRAGHI: COUNCIL WILL TAKE DECISION IN AUTUMN
*DRAGHI SAYS ECB NOT THERE YET ON INFLATION
*DRAGHI SAYS INFLATION GAINS CONDITIONAL ON STIMULUS
*DRAGHI SAYS FINALLY EXPERIENCING `ROBUST RECOVERY’
*DRAGHI SAYS NEED TO WAIT FOR PRICES, WAGES TO FOLLOW RECOVERY
After initially falling at 7:45am, the euro is up on the day and the German 10 yr bund yield was briefly up on the day. Draghi is not really committing to anything but it seems that they are headed to a September announcement which they have to be because the current QE is expected to expire in December. We know that it will get extended but they need to at least tell the markets what their plan is with that into 2018.
10 Year Bund