8 May 2014
ECB's Draghi: ECB comfortable with acting in June
FXStreet (Łódź) - During the Q&A part of the press conference Draghi says that he is waiting for ECB staff inflation projections which will be available at the beginning of next month.
• Draghi says that the Governing Council discussed taking action and that the “ECB is comfortable with acting in June.”
• Low inflation in the Eurozone is mainly caused by lower energy prices. Weak demand, high unemployment and FX are other reasons, the ECB chief suggests.
• Stronger euro combined with lower inflation “is cause for serious concern.”
• “The exchange rate is not a policy target, but the concern over the exchange rate will have to be addressed.”
• Draghi says that the Governing Council discussed taking action and that the “ECB is comfortable with acting in June.”
• Low inflation in the Eurozone is mainly caused by lower energy prices. Weak demand, high unemployment and FX are other reasons, the ECB chief suggests.
• Stronger euro combined with lower inflation “is cause for serious concern.”
• “The exchange rate is not a policy target, but the concern over the exchange rate will have to be addressed.”