• European Central Bank President Mario Draghi: Eurozone’s economy is expected to continue to recover

Market news

2 June 2016

European Central Bank President Mario Draghi: Eurozone’s economy is expected to continue to recover

The European Central Bank (ECB) President Mario Draghi said at a press conference on Thursday:

  • Interest rates will remain low for an extended period of time;
  • The economy in the Eurozone continued to recover;
  • The ECB is ready to act if needed to boost inflation toward 2% target;
  • There are downside risks, but the balance of risks improved due to the central bank's stimulus measures;
  • Downside risks are the slowdown in the global economy, the upcoming British referendum and other geopolitical risks;
  • Inflation in the Eurozone could be negative in the coming months before rising in the second half of 2016;
  • Structural and fiscal policies were needed.

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