Draghi gives downbeat assessment of eurozone prospects
ECB stands ready to use “all instruments” to meet inflation target, Draghi says
Mario Draghi gave a downbeat assessment of the eurozone’s economic prospects today (April 10) as he announced the European Central Bank was keeping its monetary policy unchanged.
“The information that has become available since the last governing council meeting in early March confirms slower growth momentum extending into the current year,” the ECB president said in a statement.
He warned that this slower growth might persist even if some factors in the eurozone improved in the near future.
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