European Central Bank President Mario Draghi: the Eurozone’s economy recovers moderately

Market news

7 April 2016

European Central Bank President Mario Draghi: the Eurozone’s economy recovers moderately

The European Central Bank (ECB) President Mario Draghi said in a speech in Portugal on Thursday that the Eurozone's economy recovered moderately, supported by the central bank's monetary policy and low energy prices. He noted that investment remained weak.

Draghi pointed out that the ECB was ready to act to preserve price stability, noted that there was "no shortage of tools available".

The ECB president also said that structural and fiscal policies were needed for a sustainable growth.

Draghi noted that the central bank's monetary policy easing was effective and the recent stimulus measures would take time to start working.

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