RTRS - FRENCH COMPETITION AUTHORITY OPENS IN-DEPTH PROBE INTO JCDECAUX JCDX.PA ACQUISITION OF METROBUS
ECB's Draghi: To review and possibly reconsider monetary policy at the next meeting in March, to look at full range of policy options - prepared remarks
- Rates to be at the current level or lower for some time; QE is having a favorable impact, ECB measures are working
- Developments in the real economy, including credit and financing conditions, have improved
- Measures taken back in December were appropriate
- Downside risks are still increasing, including uncertainty in emerging economies, volatility in commodity markets and geopolitical risks
- Surveys available as of December pointed to continued GDP growth in Q4, domestic demand to benefit from ECB policy
- Fiscal policy in the euro zone is becoming slightly expansionary, recovery continues to be held back by volatile financial markets
- Risks to growth outlook are still to the downside
- Based on oil prices, inflation in 2016 to be significantly lower. Still expect inflation to pick up later in 2016. Risks of second round effects should be closely monitored
- March staff forecasts will cover up to the March 2018 period
- Bank lending surveys point to more improvement in demand for loans
ECB chief Draghi: Rates to be at the current level or lower for some time; QE is having a favorable impact, ECB measures are working - prepared remarks
- Developments in the real economy, including credit and financing conditions, have improved
- Measures taken back in December were appropriate- Downside risks are still increasing, including uncertainty in emerging economies, volatility in commodity markets and geopolitical risks