2 junio 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.