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.
