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- European Central Bank President Mario Draghi: new stimulus measures would help to boost inflation and to support the economic recovery in the Eurozone
European Central Bank President Mario Draghi: new stimulus measures would help to boost inflation and to support the economic recovery in the Eurozone
The European Central Bank (ECB) President Mario Draghi said in a press conference on Thursday:
- New stimulus measures would help to boost inflation and to support the economic recovery in the Eurozone;
- Interest rate would remain at low levels for an extended period of time, and as well past the horizon of net asset purchases;
- Negative inflation was unavoidable over the next few months, driven by low oil prices;
- The Eurozone's economy expanded weaker than expected at the beginning of this year;
- The economy is expected to continue to grow moderately;
- Low oil prices should lift up domestic demand;
- The slowdown in the global economy and geopolitical risks are the downside risks to the outlook;
- Effective structural and fiscal policies should be implemented by government to support the monetary policy.
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