Draghi speech: Data point to somewhat weaker growth in Q2, Q3

Following the European Central Bank's expected decision to keep the benchmark interest rate steady at 0%, Mario Draghi, President of the ECB, is delivering his remarks on the bank's policy outlook in a press conference with key quotes, via Reuters, found below.

"Incoming info since last meeting indicates softening global growth dynamics."

"Geopolitical factors, protectionism impacting sentiment."

"Inflation pressures muted. Significant stimulus still necessary."

"Data point to somewhat weaker growth in Q2, Q3."

"Weaker growth reflects trade, uncertainties."

"Activity levels in services, construction resilient."

About Mario Draghi

The European Central Bank's president Mario Draghi was born in 1947 in Rome, Italy. Graduated of the Massachusetts Institute of Technology (MIT), Draghi became the president of the European Central Bank in 2011. As part of his job in the Governing Council he gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).