Recovery to continue at a moderate pace – ECB’s M.Draghi

Pablo Piovano FXStreet

Mario Draghi, President of the European Central Bank, has noted that the main scenario in the region remains subject to downside risks, adding that the recovery in the area has lost some momentum albeit it is expected to continue at a moderate pace.

Draghi also said that the central bank will act using all available instrument if warranted, while he argued that implications on economic actors from low interest rate environment needs to be closely monitored.

ECB’s Chief has also advocated for other policy actors to do their part, while urged governments to ‘unleash growth’.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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