ECB's Draghi on QE, Deposit Rate, Economy, Inflation: Statement

The Governing Council of the ECB conducted a thorough assessment of the economic and inflation outlook, leading to several key decisions. Interest rates on the deposit facility were lowered, while asset purchases were restarted to support monetary policy. The economic analysis highlighted moderate growth and inflation challenges, with risks tilted to the downside. The ECB emphasized the need for accommodative monetary policy and structural reforms to boost growth and resilience. The Council also introduced measures to support bank lending and ensure favorable financial conditions.

What is the significance of the two-tier system for reserve remuneration introduced by the Governing Council?

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How does the ECB plan to address the continued shortfall of inflation with respect to its aim?

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What factors are contributing to the downside risks in the euro area growth outlook?

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What is the expected trend for underlying inflation over the medium term according to the ECB?

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