Draghi: Inflation likely to be slightly negative in coming months before picking up

Author: Adam Button | Category: Central Banks

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.

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