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- Draghi comments the ECB's latest monetary policy decision
Draghi comments the ECB's latest monetary policy decision
- ECB decision aimed at lifting inflation
- Some idiosyncratic factors hurting growth are starting to fade
- Other factors will extend through the year
- Protectionism and political tensions are weighing on sentiment
- Underlying inflation remains muted
- Governing Council stands ready to adjust all instruments as appropriate
- Incoming data have continued to be weak, particularly in manufacturing
- Slowdown is largely due to slower external demand but also country-specific factors
- Risks to economic outlook still tilted to the downside
- Inflation to decline towards the end of the year
- Labor-cost pressures have strengthened and broadened
- Underlying inflation is expected to increase over the medium term
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