Draghi says Eurozone inflation dynamics remain subdued

Author: Adam Button | Category: Central Banks

Draghi's comments in Brussels:

  • Recovery in Eurozone has gained momentum since the start of the year
  • Expect recovery to proceed at a moderate but steady pace
  • Investment levels unsatisfactory, EU level action needed
  • Progress on a capital markets union essential to develop a favourable environment for productive investment
  • ECB is ready for all contingencies on UK referendum
  • Ready to act by using all tools available in our mandate if necessary

Dovish tilt from Draghi here but it's in line with the recent 'cautious but optimistic' approach.

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