Highlights of the ECB press conference

Highlights of the ECB press conference

ECB's President Draghi is speaking at his press conference and answering questions. These are highlights of his speech.

  • QE program will be in place until it becomes sustained 
  • A very substantial degree of accommodation is still needed to support headline inflation
  • Asset purchase program can be increased in size and duration if needed to sustain robust economic growth and steady inflation rates (this is the line under question for June)
  • Survey results signal the Eurozone economic recovery will firm and broaden
  • Eurozone growth dampened by the sluggish pace of structural reforms
  • Risks are moving closer to being broadly balanced
  • Risks are still tilted to the downside; they are mostly related to global factors
  • Inflation rate headline will increase in April, but then it will be predominantly unchanged 
  • So, underlying inflation will rise only gradually
  • Inflation rate is still low 

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