ECB'S Draghi: Incoming economic data confirms eurozone economic recovery is under way, but still see prolonged period of low inflation; reiterates all forward guidance - prepared remarks
- Medium and long-term inflation expectations remain firmly anchored, outlook for inflation is subdued over medium term.
- Reiterates key ECB interest rates to remain at present or lower levels for an extended period, to take all decisive action if needed.
- ECB's monetary policy stance should help support domestic demand.
- Grow will benefit from higher export demand.
- Risks to economic outlook remain to the downside, unemployment is stabilizing but remains high.
- Uncertainities in emerging markets could effect economic conditions.
- January inflation level was lower than expected, inflatio to remain around current levels in coming months.
- Upside and downside inflation risks are still limited.
- Source TradeTheNews.com