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3 Jul 2014
ECB's Draghi: Governing council unanimous in commitment to use unconventional measures
FXStreet (Łódź) - Following ECB's decision to hold monetary policy steady in July, president Mario Draghi says at the press conference that the Eurozone economic recovery continued at a moderate pace in the second quarter of the year.
• Inflation expectations remain firmly anchored, the ECB head remarks.
• Rates will be at present or lower level for an extended time.
• The combination of monetary policy measures decided last month has led to a further easing of the monetary policy stance, Draghi says adding that the governing council is unanimous in commitment to use unconventional measures, should inflation stay low for a prolonged period of time.
• The monetary operations to take place over the coming months will add to the accommodation and will support bank lending.
• Rates will be at present or lower level for an extended time.
• Inflation expectations remain firmly anchored, the ECB head remarks.
• Rates will be at present or lower level for an extended time.
• The combination of monetary policy measures decided last month has led to a further easing of the monetary policy stance, Draghi says adding that the governing council is unanimous in commitment to use unconventional measures, should inflation stay low for a prolonged period of time.
• The monetary operations to take place over the coming months will add to the accommodation and will support bank lending.
• Rates will be at present or lower level for an extended time.