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Future rate cuts are also expected.
But Mr. Draghi said the bank had not ruled out future rate cuts.
That suggests future rate cuts will in part be determined by the need to keep some firepower in reserve.
But deciding upon future rate cuts will depend on sensitively interpreting the often confusing and contradictory stream of statistics and anecdotal reports Mr. Bernanke receives every day.
Together, the reports suggested to a number of analysts that inflation worries would not stand in the way of future rate cuts.
There already deals where future rate cuts have been factored in, such as GMAC's two-year fixed rate mortgage which has a payable rate of 4.99%.
Similar(47)
Markets were buoyed in early morning trading, as hope for a future rate cut, perhaps sometime this summer, strengthened.
Moody's more sober view, and any future rating cut, would increase the cost of future borrowings for the stadium.
"The rise in the core inflation will likely prevent the Fed from being generous with future interest rate cuts".
With the polls and betting markets showing a clear and unarguable move towards Labor in the past few weeks, stocks are up strongly, the extent of future interest rate cuts has been scaled back and the Australian dollar has risen.
If Dutton's warning has any credibility, if Labor is judged to be more likely to win the election, one would see, with certainty, share prices fall, expectations for future interest rate cuts increase and the value of the Australian dollar fall.
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