24 Apr 2014
ECB's Draghi: No broad based deflation risk perceived in the Eurozone
FXStreet (Łódź) - ECB president Mario Draghi assures that the Governing Council doesn't see a broad based deflation risk in the Eurozone.
• "The EUR is rising because confidence is returning & capital inflows are increasing, this leads also to looser financing conditions," Draghi explains.
• The ECB sees bank lending conditions improving in the Eurozone.
• “Faced w effective lower bound and different contingencies, we had to explain future policy intentions and clarify reaction function.”
• “The crisis made us reaffirm our mandate and explain its symmetry, its medium-term orientation and its euro area perspective.”
• "The EUR is rising because confidence is returning & capital inflows are increasing, this leads also to looser financing conditions," Draghi explains.
• The ECB sees bank lending conditions improving in the Eurozone.
• “Faced w effective lower bound and different contingencies, we had to explain future policy intentions and clarify reaction function.”
• “The crisis made us reaffirm our mandate and explain its symmetry, its medium-term orientation and its euro area perspective.”