Draghi says that ECB's forward guidance is very similar to the BoE's

European Central Bank (ECB) president Mario Draghi has said that the forward guidance introduced by the ECB is very similar to that used by the Bank of England (BoE) last week.

While the ECB introduced formal guidance, the BoE announced that forward guidance would be coming in August (itself a form of forward guidance, while informal).

Draghi said that this move by the ECB has injected a downward bias in interest rates.