• ECB President Draghi: The euro is irreversible

Market news

4 October 2012

ECB President Draghi: The euro is irreversible

  • The decision to OMT helped to ease tensions in recent weeks

  • Tensions in the financial markets is putting pressure on the mood

  • Economic growth will remain weak

  • Inflation expectations remain subdued

  • Monetary growth remains subdued

  • The harmonized index of consumer prices will match price stability in the medium term

  • Inflation will remain above 2% in 2012, but will fall below 2% in 2013

  • You should ensure that policy transmission in the euro area

  • Now it is important that governments continue to deal with imbalances

  • OMT provides effective protection against negative scenarios

  • The ECB is independent

  • ECB adheres mandate

  • The Governing Council is committed to ensuring the unified character of the monetary policy


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