We discussed the balance of risks on growth not inflation says Draghi

Onto the Q&A

  • All members agreed to the statement on risk balance

  • Some believed the statement didn't need to change, some had a amore sanguine view of the situation

  • On inflation risks, there were not differing views

  • Drop in March inflation was stronger than forecast

  • ECB is seeing tentative signs of price pressures picking up

  • Wage growth outlook remains uncertain

  • The assessment on the 4 inflation criteria hasn't changed

The bold comment is a first real nod at inflation.

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