ECB's Draghi: Confidence in the inflation outlook has increased

Author: Adam Button | Category: Central Banks

Draghi out with some comments in an IMFC statement

  • Growth momentum is expected to continue
  • Ample degree of monetary stimulus remains needed
  • Patience, persistence and prudence needed
  • Underlying inflation in the eurozone remains subdued
  • Developments in asset prices require close monitoring
  • Eurozone growth cycle may have peaked
  • "Developments in asset prices require close monitoring as risk-taking continues to gain momentum in financial markets and valuations are becoming stretched in some market segments"
  • "Notwithstanding the latest economic indicators, which suggest that the growth cycle may have peaked, the growth momentum is expected to continue."
  • Full statement

There's a bit of everything here but it reads dovish to me.