Draghi Speech: Economic upswing is becoming solid

Eren Sengezer FXStreet

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

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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