ECB's Draghi Says Euro-Area Needs `Highly Accommodative' Policy

The European Central Bank (ECB) is committed to adjusting its monetary policy instruments to ensure inflation aligns with its targets. Recent decisions were made due to persistent economic weakness and inflation shortfalls in the euro area. Despite these challenges, employment growth and rising wages continue to support economic resilience. The ECB has introduced a comprehensive monetary stimulus package to maintain favorable financial conditions and support economic expansion.

What is the primary goal of adjusting monetary policy instruments?

• To ensure inflation aligns with targets

• To stabilize currency exchange rates

• To increase employment rates

• To reduce government debt

What recent information has influenced the monetary policy decisions?

• A surge in global oil prices

• A protracted weakness in the euro area economy

• An increase in international trade

• A rise in consumer confidence

What is one of the main challenges facing the euro area economy?

• Rapid technological advancements

• Muted inflationary pressures

• High unemployment rates

• Excessive government spending

What factors are supporting the resilience of the euro area economy?

• Declining export levels

• Rising inflation rates

• Robust employment growth and increasing wages

• Decreasing interest rates

What is the purpose of the monetary stimulus provided?

• To increase tax revenues

• To support the euro area expansion

• To limit foreign investments

• To reduce public sector wages