Draghi Cites `Solid' Growth Despite Trade Uncertainties

The transcript discusses the euro area's solid economic growth and the convergence of inflation towards the target. It emphasizes the need for continued monetary policy support through net asset purchases and interest rate guidance. The Governing Council is prepared to adjust its instruments to ensure inflation aligns with its goals.

What is the current state of the euro area economy according to the transcript?

• It is experiencing a recession.

• It is declining rapidly.

• It is stagnant.

• It is growing solidly and broadly.

Why is significant monetary policy stimulus still needed?

• To decrease domestic price pressures.

• To reduce inflation to zero.

• To support further buildup of domestic price pressures and inflation.

• To increase unemployment rates.

Until when will the net asset purchases continue?

• They have already ended.

• Indefinitely.

• Until the end of the year.

• Until the end of the month.

What is the Governing Council ready to do to ensure inflation moves towards its target?

• Increase taxes.

• Stop all monetary policies.

• Adjust all of its instruments as appropriate.

• Decrease interest rates to zero.

What is the ultimate aim of the Governing Council's actions?

• To ensure inflation moves towards its target in a sustained manner.

• To maintain inflation at a constant rate.

• To eliminate inflation completely.

• To ensure inflation decreases rapidly.