Arab Today, arab today ecb warns \serious risks\ for eurozone
Last Updated : GMT 23:35:59
Arab Today, arab today
Arab Today, arab today

Draghi: inflation not affected

ECB warns \'serious risks\' for Eurozone

Arab Today, arab today

Arab Today, arab today ECB warns \'serious risks\' for Eurozone

European Central Bank chief Mario Draghi
Brussels - Agencies

European Central Bank chief Mario Draghi European Central Bank chief Mario Draghi fuelled speculation Friday of an imminent rate cut, warning of \"serious downside risks\" to the euro area economy while inflation is no threat. \"There are serious downside risks,\" Draghi told a conference of ECB watchers here.
\"They have mostly do with heightened uncertainty,\" the ECB chief said.
While the bank\'s own baseline scenario -- reflected in its latest updated economic forecasts published last week -- was unchanged for economic activity to stabilise at very low levels, \"we\'ve had a string of negative survey data\" since then, Draghi said.
In addition, there was \"no inflation risk in any euro area country,\" Draghi continued.
\"Financial market-based inflation expectations over a 10 year horizon are consistent with our definition of medium-term price stability. And should risks to price stability emerge, the euro system of central banks has sufficient tools at its disposal to absorb excess liquidity,\" he said.
Even in times of crisis, the ECB sees its overriding mandate as keeping a lid on inflation in the 17 countries that share the euro.
Since the outbreak of the crisis, it has cut interest rates to historic lows of 1.0 percent and also embarked on a number of special crisis measures.
But markets have begun to speculate on further rate cuts as the eurozone crisis deepens, with most ECB watchers predicting a move at the bank\'s policy meeting next month.
Draghi\'s latest comments \"are overall dovish, signalling that the ECB is on \'alert\' as the economic conditions have clearly deteriorated since the recent ECB staff projections,\" said Newedge Strategy analyst Annalisa Piazza.
\"In addition, Draghi clearly states that no eurozone country has inflation risks at the current juncture, implying that the ECB has room to act any time.\"
At the conference on Friday, Draghi also said Europe\'s policymakers would make known their vision for the euro area -- which is vital to reassure markets and the bloc\'s citizens -- very soon.
Draghi said he was \"in close contact with EU president Herman Van Rompuy, EU Commission chief Jose-Manuel Barroso and the head of eurozone finance ministers Jean-Claude Juncker to reflect on elements of a longer-term vision for our economic and monetary union.\"
The four have been tasked with forming a \"masterplan\" for the eurozone\'s future.
Asked when the outcome of those deliberations would be made public, the Italian replied: \"Very soon. All the work we\'re doing is with a view to the next summit\" at the end of June.
\"The outcome will get to be known pretty soon, in a matter of days,\" he added.
At the current time of crisis and financial turmoil, the idea that 17 countries \"share a common path and a common objective is already a big achievement,\" Draghi said.
\"Markets and people needed to be assured that we\'re travelling together.\" In recent weeks, Draghi has repeatedly called on European leaders to sketch out a vision of how the euro will work in the future and last week said he expected clarification of this vision to come at a meeting of the European Council on June 28-29.

arabstoday
arabstoday

GMT 15:23 2017 Sunday ,24 September

Saudi Arabia to include low-cost Flyadeal

GMT 08:17 2017 Sunday ,24 September

Brexit weighs heavy at Irish farming fair

GMT 08:07 2017 Sunday ,24 September

Petrol prices pumped up in Pyongyang

GMT 08:45 2017 Saturday ,23 September

Russia keen on more OPEC cooperation

GMT 03:50 2017 Saturday ,23 September

Oil prices witness notable increase before OPEC meeting

GMT 07:01 2017 Friday ,22 September

Hack of US regulator a blow to confidence
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb warns \serious risks\ for eurozone Arab Today, arab today ecb warns \serious risks\ for eurozone

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb warns \serious risks\ for eurozone Arab Today, arab today ecb warns \serious risks\ for eurozone

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday