Draghi on Weaker Data, Inflation, Risks: Opening Statement

The ECB Governing Council decided to keep interest rates unchanged, expecting them to remain stable through summer 2019. The asset purchase program will continue at €15 billion monthly until December 2018, with reinvestments to maintain liquidity. Economic growth is supported by domestic demand and labor market improvements, though risks like protectionism and market volatility persist. Inflation is expected to rise, driven by economic expansion and wage growth. The ECB emphasizes the need for structural reforms and fiscal policies to enhance growth potential and resilience.

What does the euro area Bank lending survey indicate about loan growth?

What is the significance of structural reforms in euro area countries according to the text?

What are the implications of high government debt in certain countries for fiscal policies?

What priority does the Governing Council emphasize regarding the Economic and Monetary Union?