Draghi speech: Very favorable financing conditions necessary to raise inflation to target
|Key highlights from the introductory statement by Mario Draghi, President of the ECB, following the meeting of the Governing Council of the European Central Bank on April 27:
- Indicators suggest recovery becoming increasingly solid
- Underlying inflation pressures subdued
- Downside risks have further diminished
- Will look through temporary swings in inflation
- Very substantial degree of accommodation still needed
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