ECB's Draghi: Eurozone economy is performing well

Author: Adam Button | Category: Central Banks

Draghi at Irish parliament

  • Anticipate that we will be ending net asset purchases at the end of the year
  • Broad based expansion in the eurozone set to continue
  • Asset prices also require close monitoring
  • Financial stability environment in the eurozone remains favourable overall but it has become somewhat more challenging in recent months
  • Policy at risk of being hampered in crisis situations if depositor confidence differs across eurozone
  • Asset prices require close monitoring
  • Private sector must take mitigating actions for Brexit
  • His view is that a gradual Brexit transition is likely

The euro ticked a few pips higher on continued optimism about the economy from Draghi.

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