ECB president Draghi: Risks to the outlook remain tilted to the downside

Market news

27 March 2019

ECB president Draghi: Risks to the outlook remain tilted to the downside

Domestic economy has remained relatively resilient
Soft patch doesn't necessarily foreshadow a serious slump
ECB is not short of instruments to deliver on mandate
Would adjust rate forward guidance if there are delays to inflation convergence
If economy were to slow more than expected, risks to wage growth may be contained
Effects of exchange rate appreciation have now reversed
Demand should recover, so long as downside risks do not materialise

EUR/USD trapped in a range around $1.13 – Danske Bank

China's economy picks up as companies pile on debt - China Beige Book

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