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6 Mar 2014
ECB press conference: Low inflation will remain low for a prolonged period of time
FXStreet (Łódź) - “ECB staff projections confirm that low inflation will remain low for a prolonged period of time in the Eurozone and then gradually move up towards the 2% target” says ECB chief Mario Draghi in his opening remarks at the press conference following the central bank's decision to keep rates steady in March.
• “Current monetary policy stance will be kept for as long as necessary.”
• “Key interest rates will remain at current or lower levels for an extended period of time.”
• “Economic recovery in the Eurozone will proceed at a slow pace.”
• “Inflation projections for 2014 were revised slightly downwards to 1%.”
• “GDP forecast was raised to 1.2% in 2014.”
• “Current monetary policy stance will be kept for as long as necessary.”
• “Key interest rates will remain at current or lower levels for an extended period of time.”
• “Economic recovery in the Eurozone will proceed at a slow pace.”
• “Inflation projections for 2014 were revised slightly downwards to 1%.”
• “GDP forecast was raised to 1.2% in 2014.”