ECB's Draghi: TLTRO take-up within expected range

FXStreet (Łódź) - Delivering his prepared remarks at the quarterly hearing before the Committee on Economic and Monetary Affairs of the EU Parliament in Brussels, ECB head Mario Draghi says that the Eurozone economic recovery is losing momentum.

• Risks to Eurozone are clearly to the downside.

• ECB will closely monitor the situation.

• ECB has done a lot to maintain price stability in the area over the last three years, finally adopting measures in September complementary to those introduced in June.

• "We have reached the lower bound."

• Take-up of tltros was within range expected by the ECB.