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- European Central Bank President Mario Draghi: the value of the ECB’s asset-buying programme will be discussed at the monetary policy meeting in December
European Central Bank President Mario Draghi: the value of the ECB’s asset-buying programme will be discussed at the monetary policy meeting in December
The European Central Bank (ECB) President Mario Draghi said at a press conference on Thursday:
- Domestic demand in the Eurozone remains resilient,
- There are risks to the outlook for growth and inflation from a slowdown in emerging economies and from developments in financial and commodity markets;
- The value of the ECB's asset-buying programme will be discussed at the monetary policy meeting in December;
- The central bank will expand its asset-buying programme if needed to boost inflation toward the 2% target;
- The economy in the Eurozone is expected to recover slower due to weaker than expected foreign demand;
- The low inflation is driven by lower energy prices;
- Inflation is expected to rise during 2016 and 2017;
- Lending continued to improve;
- The Governing Council discussed the possibility to cut interest rates, but the decision was not made.
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