Draghi: Inflation likely to be slightly negative in coming months before picking up
Draghi in a statement to IMFC:
- Outlook for Eurozone is faced with uncertainty
- We don't not currently see excesses in behaviour of banks
- Eurozone economy on path for gradual recovery
- Risks to growth on the downside
- ECB will continue to do whatever is needed to pursue price stability objectives
The forecast is important because it means the ECB won't react when inflation turns negative.