European Central Bank (ECB) Governor Mario Draghi said Tuesday that inflation could gradually return to the target set for the coming period. His most prominent comments were as follows:
- The eurozone economy continues to recover.
- Uncertainty permeates economic outlook.
- Uncertainty has been growing which hinders the outlook for economic growth.
- Growth outlook have stabilized over the medium term.
- The downside risks facing the global economy are protectionist policies.
- Rising oil prices and continued market volatility are risks to the global economy.
- Saudi Arabia's risk of financial expansion is in the United States.
- ECB is patient in determining the timing of rate hike for the first time.
- The ECB's confidence in the inflation path is on the rise.
