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- European Central Bank President Mario Draghi: Eurozone’s economy is expected to continue to recover
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:
- The first operation of new targeted longer-term refinancing operations (TLTRO II) will be conducted in June;
- Financing conditions in the Eurozone improved;
- The ECB would act if needed to reach 2% inflation target;
- The economic growth in the first quarter was driven by domestic demand;
- Exports were weak in the first quarter;
- Eurozone's economy was expected to continue to recover;
- There were still downside risks to the outlook;
- Recent stimulus measures should support consumption and investment;
- Inflation in the Eurozone could be negative in the coming months before rising in the second half of 2016;
- Inflation was expected to recover in 2017 and 2018;
- Structural and fiscal policies were needed;
- The ECB did not discuss helicopter money;
- The ECB was independent, as stated by the law.
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