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Draghi speech: We see encouraging signs here and there on inflation but early to call victory

Mario Draghi, President of the ECB, is now responding to questions from the press with key quotes, via Reuters, found below.

  • No change to assessment of medium-term growth, inflation outlook.
  • Now clearer than before that moderation in growth depends on pull-back from unusually strong rates of last year.
  • Some sluggishness of q1 continued in q2.
  • We see encouraging signs here and there on inflation but early to call victory.
  • Negotiated wage component is the main driver in the growth of nominal wages.

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