ECB: Draghi’s comments
- ECB expects prolonged period of low inflation, followed by gradual upward movement.
- ECB doesn’t exclude further easing.
- ECB unanimous on using unconventional tools if needed.
- ECB needs more information.
- Geopolitical and FX risks will be monitored closely.
- There was a ‘rich and ample’ discussion of QE.
- April inflation will pick up because of Easter.
- Draghi doesn’t see deflation risks in the euro area.