European Central Bank Governor Mario Draghi said today that monetary policy adjustments will remain predictable. His most prominent comments were as follows:
- The sustainability of inflation growth towards the target is the condition for ending the asset purchase program.
- We still need to see more signs of moving inflation in the right direction.
- We are more confident than in the past.
- There are some risks and uncertainties.
- Expectations have become less dependent on the size of the asset purchase program.
- Politics will still need patience, continuity and wisdom.
- The strength of the euro may affect inflation.
