Below are some key takeaways from European Central Bank President Mario Draghi’s remarks in the ECB’s Annual Report.
- While the economic expansion in the euro area continued in 2018, the economy experienced a loss of growth momentum.
- substantial monetary policy stimulus remains essential to ensure the continued build-up of domestic price pressures over the medium term.
- In view of the persistence of uncertainties related to geopolitical factors, the threat of protectionism and vulnerabilities in emerging markets, the conduct of monetary policy in the euro area will continue to require patience, prudence and persistence.
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