Draghi speech: Very favorable financing conditions necessary to raise inflation to target

Eren Sengezer FXStreet

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

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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