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10.03.2016 15:18

European Central Bank President Mario Draghi: new stimulus measures would help to boost inflation and to support the economic recovery in the Eurozone

The European Central Bank (ECB) President Mario Draghi said in a press conference on Thursday:

  • New stimulus measures would help to boost inflation and to support the economic recovery in the Eurozone;
  • Interest rate would remain at low levels for an extended period of time, and as well past the horizon of net asset purchases;
  • Negative inflation was unavoidable over the next few months, driven by low oil prices;
  • The Eurozone's economy expanded weaker than expected at the beginning of this year;
  • The economy is expected to continue to grow moderately;
  • Low oil prices should lift up domestic demand;
  • The slowdown in the global economy and geopolitical risks are the downside risks to the outlook;
  • Effective structural and fiscal policies should be implemented by government to support the monetary policy.

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