After the end of the next ECB meeting, which was
It was decided to maintain interest rates at the current levels, and the following events took place
the bank’s press conference. ECB Head Mario Draghi made a speech.He noted that the risks to the region’s economy are still
exist. As a result, the forecasts are mostly downward
directionality. Protectionism, problems in developing countries, and
Geopolitical factors are the causes of the uncertainty that exists
at the moment. And Draghi said that the probability of a recession in the economy
the eurozone is extremely small. In order to create the conditions to support financial
of the sector and economic growth, it is necessary to maintain a significant amount
of monetary stimulation. It will also allow, in the medium term
Achieve the inflation target of 2 percent.Mario Draghi noted that the European Central Bank
intends to assess the side effects of
negative interest rates. В
Mitigation measures will be taken if necessary.The ECB head said to predict the impact of Brexit on the eurozone economy
it’s extremely difficult to predict. And that’s another serious factor that creates
uncertainty in the region.
European Central Bank Press Conference
