Same Old ECB, Same Old Draghi: Even After “Stimulus” Ends, There Will Still Be Stimulus

via fxstreet:

Below are some key highlights from the introductory statement delivered by Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 26 November 2018.

• The data that have become available since my last visit in September have been somewhat weaker than expected.
• Risks relating to protectionism, vulnerabilities in emergi
  ng markets and financial market volatility remain prominent.
• Underlying drivers of domestic demand remain in place.
• Overall, recent developments confirm the Governing Council’s earlier assessments of the medium-term inflation outlook.
• The Governing Council, therefore, continues to anticipate that, subject to incoming data confirming our medium-term inflation outlook, net asset purchases will come to an end in December 2018.
• To ensure that inflation continues to move towards our aim in a sustained manner, a significant degree of monetary policy stimulus will be maintained, even after the end of net asset purchases.