8 May 2014
ECB's Draghi: Underlying price pressures remain subdued
FXStreet (Łódź) - During the press conference following the ECB's decision to keep monetary policy unchanged in May president Mario Draghi says that moderate recovery in the Eurozone is proceeding in line with the central bank's previous assessment and that expectations of a long period of subdued inflation are still valid.
• “Annual inflation will remain around current levels before rising towards target at end of 2016.”
• The central bank will monitor economic developments, and money markets closely and will act if needed, Draghi assures.
• The ECB head reiterates that “key ECB rates will remain at present or lower levels for an extended period of time.”
• The ECB stands ready to use "also unconventional measures" if necessary.
• “Exchange rate developments will be monitored closely,” Draghi signals.
• “Annual inflation will remain around current levels before rising towards target at end of 2016.”
• The central bank will monitor economic developments, and money markets closely and will act if needed, Draghi assures.
• The ECB head reiterates that “key ECB rates will remain at present or lower levels for an extended period of time.”
• The ECB stands ready to use "also unconventional measures" if necessary.
• “Exchange rate developments will be monitored closely,” Draghi signals.