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21.04.2016 15:09

European Central Bank President Mario Draghi: Eurozone’s economy is expected to continue to recover

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

  • The first operation of new targeted longer-term refinancing operations (TLTRO II) will be conducted in June;
  • Financing conditions in the Eurozone improved;
  • The ECB would act if needed to reach 2% inflation target;
  • The economic growth in the first quarter was driven by domestic demand;
  • Exports were weak in the first quarter;
  • Eurozone's economy was expected to continue to recover;
  • There were still downside risks to the outlook;
  • Recent stimulus measures should support consumption and investment;
  • Inflation in the Eurozone could be negative in the coming months before rising in the second half of 2016;
  • Inflation was expected to recover in 2017 and 2018;
  • Structural and fiscal policies were needed;
  • The ECB did not discuss helicopter money;
  • The ECB was independent, as stated by the law.

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