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Draghi Comments on Euro Zone Economy

April 20, 2016 6:22 pm

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.
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