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20 Apr 2015
Inflation to hit the target without undue delay – ECB’s Draghi
FXStreet (Mumbai) - The European Central Bank (ECB) President Mario Draghi said on Monday that the inflation will return to its medium-term target “without undue delay”.
In the ECB’s 2014 annual report, Draghi said that he could "envisage with confidence that the weak and uneven recovery experienced in 2014 will turn into a more robust, sustainable upturn – and that inflation will return without undue delay to the ECB's objective of below, but close to, 2 percent over the medium term".
Meanwhile, on the impact of the report also says, “While euro zone banks' exposure to Russia was "sizeable" in some countries, there was unlikely to be a systemic risk to the euro area as a whole.”
In the ECB’s 2014 annual report, Draghi said that he could "envisage with confidence that the weak and uneven recovery experienced in 2014 will turn into a more robust, sustainable upturn – and that inflation will return without undue delay to the ECB's objective of below, but close to, 2 percent over the medium term".
Meanwhile, on the impact of the report also says, “While euro zone banks' exposure to Russia was "sizeable" in some countries, there was unlikely to be a systemic risk to the euro area as a whole.”