Draghi Comments on Euro Zone Economy

Statement on 15 April, 2016 Mr. Mario Draghi passed the following comments on euro area economy:

• Euro-zone  economy is continuing recovery.
• Eur area growth remains faced with uncertainty.
• Fear of downside risks of growth in emerging market economies.
• Future outlook of oil prices risk for inflation.
• ECB has adopted policy to further ease financing conditions in the euro area.
• Stimulate bank lending.
• Cyclical recovery in euro area by developments in private consumption and investment.
• Recent data provide some mixed signals.
• Hard data show some improvement in January and February.
• Growth momentum is weaker in first quarter.
• ECB may further extend the asset purchase programme with other measures.
• TLTRO II operations provide to banks to borrow liquidity for 4 years.
• Stability in our banking sector has improved significantly.