The economic outlook for the euro area

ECB
By October 22, 2019 16:28

The economic outlook for the euro area

Presentatien by: Philip R. Lane Member of the Executive Board

  • the euro area is facing a more extended slowdown than previously expected
  • the convergence of inflation towards the inflation aim has recently slowed and partly reversed
  • the ECB’s monetary policy measures remain effective in fostering a reacceleration of growth and, thereby, inflation convergence
  • a highly accommodative stance of monetary policy will be necessary for a prolonged period of time
  • the more fiscal policy contributes to boosting long-term growth potential and providing cyclical stabilisation, the quicker will be the effects of monetary policy interventions on the economy and inflation
ECB
By October 22, 2019 16:28

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