>>> ECB's Draghi: we are now at the point where we anticipate that we will end net asset purchases at the end of the year
- The financial stability environment in the euro area overall remains favourable, but it has become somewhat more challenging in recent months.
- While we are now at the point where we anticipate
– subject to incoming data confirming our medium-term inflation outlook
– that we will end net asset purchases at the end of the year, significant monetary stimulus will still be needed to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term
- The latest incoming information overall suggests that the broad-based expansion in the euro area, and in Ireland, is set to continue.
- Inflation to continue to converge towards goal
- Significant monetary stimulus will still be needed