Draghi Q&A: The output gap will close in 2018

Author: Adam Button | Category: Central Banks

Draghi continues to answer questions

  • The design of the QE program was not discussed today
  • The economic recovery is more advanced in the US than in Europe, especially relating to wages
  • 'Vast majority' of ECB wants open-ended asset purchases

The euro is at the lows of the day, which is surely what Draghi was hoping for.

  • Losses from corporate-debt programs are not unusual, but have been 'exaggerated'
  • Likelihood of economic downturn very, very small