Draghi’s speech: Sees somewhat slower growth momentum ahead
|More comments crossing the wires from the ECB Chief Draghi, as he continues to speak at the presser.
Reinvestment and enhanced rate guidance to provide support.
Sees somewhat slower growth momentum ahead.
The balance of risks is moving to the downside.
Headline inflation likely to decrease in the coming months, mostly due to oil.
Measures of underlying inflation remain generally muted but domestic pressures strengthening.
Underlying inflation to increase in medium term.
Blames softer external demand and trade for softer growth outlook.
Governments need to rebuild fiscal buffers.
Reinvestment details released at 1430 GMT following press conference.
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