EUR: Mario Draghi’s comments
Highlights of what Mario Draghi said to the European Parliament today:
- Economic recovery in the euro area is losing momentum, and risks are on the downside.
- Unemployment is unacceptably high.
- TLTRO was within ECB expected range.
- ECB has reached the lower bound on interest rates.
- ECB is ready to take additional measures as needed.
No big announcements, but Draghi sounded rather pessimistic and cautious about the economy.