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 significance of robust employment growth and increasing wages in the context of the euro area economy?

What measures are being taken to ensure favorable financial conditions?