ECB Draghi: Risks to the eurozone economy remain to the downside

  • by Ahmed Mamdouh
  • April 10, 2019, 17:2 AM
  • 459 Views
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At the European Central Bank’s press conference, President Mario Draghi stressed that the details of the new TLTRO will be given at a forthcoming meeting and that the ECB is looking into whether banks need more help to cope with negative interest rates.

Eurozone growth has slowed, ECB Draghi said, where he blamed external factors while stressed that domestic factors dampening eurozone growth was starting to fade.

He noted that risks to the eurozone economy “remain to the downside” and that wage pressures have strengthened. Yet, he insisted that the risk of falling into recession remains low.

When asked about the upcoming TLTROs, he responded that it was “too early” to decide their terms.

As for inflation expectations, Draghi suggested that headline inflation may fall in the coming months.

The euro erased its earlier gains, falling from a peak of $1.1287 to hover near the session’s open at $1.1262. as of 13:55 GMT.

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at Ofeed.com, with 11 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from the American University in Cairo and a Bachelor Degree in Economics from the Faculty of Economics and Political Science, Cairo University.

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