Euro Area Will Have Low Inflation for a Long Time: Draghi

The ECB has decided to keep key interest rates unchanged, expecting them to remain at current or lower levels for an extended period. Despite improved financing conditions due to recent monetary policy decisions, risks to euro area growth remain tilted to the downside, with uncertainties in the global economy and geopolitical risks. To fully benefit from monetary policy measures, contributions from other policy areas at both national and European levels are necessary. Since June 2014, these measures have improved borrowing conditions and credit flows, supporting economic recovery.

What is necessary for the full benefits of monetary policy measures to be realized?

What impact have the monetary policy measures since June 2014 had on borrowing conditions?