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ECB's Draghi: Interest rates to remain at present levels at least through summer of 2019
Below are the key quotes from the introductory statement delivered by Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 24 September 2018.
- Latest ECB staff macroeconomic projections confirm the outlook for continued broad-based growth of the euro area economy.
- Confident that the pick-up in wage growth will continue, as wage agreements often last two years or more.
- ECB projections foresee inflation excluding food and energy reaching 1.8% in 2020.
- For our baseline expectations of a rising inflation path to materialise, we need to remain patient, prudent and persistent in calibrating the monetary policy stance.
- Key ECB interest rates are expected to remain at present levels at least through the summer next year.
- Our monetary policy measures have made a very substantial contribution to the positive economic developments in the euro area.
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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