ECB's Draghi says Eurozone economy is in broad-based expansion

Author: Justin Low | Category: Central Banks

Draghi comments in a IMFC statement

  • Uncertainty around inflation outlook is receding
  • Economic indicators suggest that broad-based growth will continue
  • Significant monetary policy stimulus is still needed
  • Underlying inflation is expected to pick up towards the end of the year
  • And it would then increase gradually over the medium-term
  • Sees limited contagion from recent financial market volatility
  • Cliff-edge Brexit could have potential to pose a more significant downside risk to financial stability
The full statement can be found here. But it is mainly a reiteration of what we have heard from the Drag-ster in the most recent ECB meeting. Nothing much here to really suggest a change in tone for the euro.

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