- ECB ready to act to counter downside inflation risks
- Economic recovery is gradually taking hold
- Euro-area reforms are paying off
- Most stressed countries made remarkable progress
- Challenges remain more reform efforts needed
- macroprudential policy to hel safeguard financial stability
- Low inflation for a long time is a risk
- low interest rates risk creating local bubbles
- ECB making good progress in establishing SSM
Mario Draghi with comments a few minutes ago in Frankfurt. I guess we’ll see what the market’s reaction to possible deflation is tomorrow.
