Draghi Speech: Economic upswing is becoming solid
|Key quotes from the introductory statement by the President at the Quarterly Hearing before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels:
- Downside risk to economic outlook is further diminishing
- Despite firming recovery, domestic wage pressures are insufficient to support the HICP towards our medium-term objective
- In June meeting will receive an update on growth and inflation outlook
- An extraordinary amount of mon. pol. support is still necessary
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