Draghi speech: We are in process of analysis effect of negative rates on bank profits

Mario Draghi, President of the ECB, is responding to questions from the press with key quotes found below.

• We are not making our decision-making dependent on who is on ECB board.
• We haven't discussed pros and cons of mitigating measures.
• I don't want to identify measures with specific words and never did.
• We are in process of analysis effect of negative rates on bank profits.
• On aggregate, bank profits by and large like in Japan, higher than in UK.

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About Mario Draghi

The European Central Bank's president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).