Draghi: Underlying inflation pressures remain very subdued

Opening statement from Draghi in parliament

  • Support from mon pol measures is still needed

  • Governing council is prepared to increase QE in terms of size and duration

  • Evidence suggests that the acute deflation risks have disappeared and that inflation is set to pick up over coming years

While I get the rest of the headers, there's nothing here we haven't heard before.

This is the text release which he'll then read out when he sits down in Parliament.

Here's the statement in full should you wish to read it.

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