Draghi: Data confirms economic recovery is proceeding at moderate pace

FXStreet (Córdoba) – Speaking at the European Parliament Committee on Economic and Monetary Affairs, European Central Bank Mario Draghi said and survey data broadly confirm that the economic recovery is proceeding, at a moderate pace.

There are encouraging signs that private investment is picking up, Draghi says, suggesting the recovery should broaden, while ECB monetary policy measures are working their way through to the real economy.

Draghi said they expect inflation stay low and then to pick up by the end of the year. ECB inflation forecast point to 0.3% in 2015, 1.5% in 2016 and 1.8% in 2017.

He also reiterated ECB plans to extend its €60 billion per month until the end of September 2016.

Speaking at the European Parliament Committee on Economic and Monetary Affairs, European Central Bank Mario Draghi said and survey data broadly confirm that the economic recovery is proceeding, at a moderate pace.

(Market News Provided by FXstreet)