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15 Apr 2015
QE will continue until sustained adjustment in inflation - Draghi
FXStreet (Mumbai) - The European Central Bank (ECB) President Mario Draghi, in his press conference today, said the monthly QE program worth EUR 60 billion shall continue until the bank sees sustained adjustment in inflation.
On growth
Draghi said the Eurozone economy has gained momentum since the last quarter of 2014. Going further the economy is expected to improve further on account of a rise in domestic demand due to low rates, fiscal consolidation, and an increase in exports due to weaker Euro.Draghi also added that lower oil prices should continue to fuel private consumption and investment.
On Inflation
Draghi reiterated that the bank would monitor inflation closely, while stating that inflation may remain low in the short-term, although prices are expected to pick up later in 2015 and shall continue to move higher ahead. “ECB stimulus must be fully implemented to work”, said Draghi.
The press conference was halted for a brief moment after a woman protestor jumped on screen yelling “ECB Dictatorship”.
On growth
Draghi said the Eurozone economy has gained momentum since the last quarter of 2014. Going further the economy is expected to improve further on account of a rise in domestic demand due to low rates, fiscal consolidation, and an increase in exports due to weaker Euro.Draghi also added that lower oil prices should continue to fuel private consumption and investment.
On Inflation
Draghi reiterated that the bank would monitor inflation closely, while stating that inflation may remain low in the short-term, although prices are expected to pick up later in 2015 and shall continue to move higher ahead. “ECB stimulus must be fully implemented to work”, said Draghi.
The press conference was halted for a brief moment after a woman protestor jumped on screen yelling “ECB Dictatorship”.