No fresh dovish stance here despite softer inflation this month. It doesn’t sound like anything dovish is coming. He also said that April inflation will pick up because of Easter.
- HICP expected to remain low and then gradually increase
- Draghi sees downside risks to economic outlook
This is a repeat of the recent stance.
- Inflation to get closer to 2% by end 2016
- Geopolitical and FX risks will be monitored closely
