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27.06.2017, 08:12

ECB' Draghi says a considerable degree of monetary accommodation is still needed for inflation dynamics to become durable and self-sustaining

  • We see growth above trend and well distributed across the euro area, but inflation dynamics remain more muted than one would expect

  • Factors that are weighing on the path of inflation, at present are mainly temporary factors that typically the central bank can look through

  • Ecb efforts slowed by a combination of external price shocks, more slack in the labour market and a changing relationship between slack and inflation

  • We will need to be gradual when adjusting our policy parameters


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