Draghi highlights
- Economy expanded more than expected in the first half of 2017
- Underlying inflation pressures remain subdued
- Inflation to rise gradually toward ECB goal
- A very substantial degree of accommodation still needed
- Medium term outlook largely unchanged
- This autumn we will decide on monetary policy calibration beyond 2017
- Survey data points to continued broad based growth in the period ahead
- Full text
Draghi tried some jawboning but the market is betting on the growth scenarios.
