Draghi's speech: Euro strength could weigh on inflation down the line

Speaking at the ECB conference, hosted by the Institute for Monetary and Financial Stability, in Frankfurt, the ECB President Mario Draghi said:

   •  Monetary policy will remain patient, persistent, and prudent
   •  Sustained adjustment in the path of inflation towards target is the condition for net asset purchases to end
   •  Still need to see further evidence that inflation dynamics are moving in the right direction
   •  Now more confident than in the past that inflation is on the right track
   •  But risks and uncertainties still remain
   •  Net asset purchases remain necessary for now
   •  Any policy adjustments to remain predictable, and will proceed at a measured pace
   •  Key question is how quickly stronger demand will translate into rising prices
   •  Performance of underlying inflation remains subdued compared with previous recoveries
   •  Euro strength could weigh on inflation down the line

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