• ECB update of economic and monetary developments

Market news

4 August 2016

ECB update of economic and monetary developments

  • incoming data for Q2 point to subdued global activity and trade

  • risks to outlook for global activity and EMs in particular remain on downside

  • Eurozone markets have weathered post-Brexit uncertainty and volatility with encouraging resilience

  • EZ economic recovery expected to proceed at moderate pace

  • if warranted the ECB gov council will act by using all available instruments

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