Here are some of the key highlights from the ECB President Mario Draghi’s statement at the thirty-eighth meeting of the International Monetary and Financial Committee, Bali (Indonesia).
“¢ The Euro area economy continues to expand in a broad-based manner.
“¢ A test of economic indicators suggests that this broad-based growth will continue.
“¢ Significant monetary policy stimulus is still needed.
“¢ Uncertainty around the inflation outlook is receding.
“¢ Underlying inflation is expected to pick up towards the end of this year.
“¢ Then increase gradually over the medium-term.
“¢ Sees limited contagion from recent financial market volatility.
“¢ Cliff-edge Brexit could have the potential to pose a more significant downside risk to financial stability.
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