ECB's Draghi: Brexit a Headwind to Economic Recovery

The transcript discusses the economic challenges facing the euro area, including the impact of the UK referendum and geopolitical uncertainties. It highlights the inflation trends, noting a slight increase in June 2016 and projecting low rates in the near term with a gradual rise expected in 2017 and 2018. The role of monetary policy in supporting inflation is emphasized. Additionally, the growth of broad money M3 is analyzed, showing a robust increase in May 2016.

What factors are contributing to the low inflation rates in the next few months?

What was the annual rate of growth of broad money M3 in May 2016?