• DRAGHI SAYS RATES TO STAY LOW WELL BEYOND QE HORIZON
• DRAGHI: ASSET BUYS TO RUN TO MARCH 2017 OR BEYOND IF NEEDED
• DRAGHI: EXPECT RATES AT CURRENT, LOWER LEVELS FOR EXTENDED PERIOD
• DRAGHI: EXPECT RECOVERY TO PROCEED AT MODERATE BUT STEADY PACE
• DRAGHI:GROWTH STILL SUPPORTED BY DOMESTIC DEMAND; EXPORTS WEAK
• DRAGHI: IF WARRANTED, WILL USE ALL TOOLS AVAILABLE IN MANDATE
• DRAGHI: TO CLOSELY MONITOR PRICE STABILITY OUTLOOK
• DRAGHI: EXPECT ADDL STIMULUS FROM MEASURES NOT YET IMPLEMENTED

Comme tous ceux qui échouent, il se dédouane par avance et révise en baisse les prévisions;  il s’attend à un ralentissement après un premier trimestre plutot meilleur

 

La BCE relève sa prévision d’inflation de la zone euro pour 2016, à 0,2%

• DRAGHI SAYS 2Q GROWTH MAY BE SLOWER THAN 1Q
• DRAGHI: RISKS TO GROWTH OUTLOOK STILL ON DOWNSIDE
• ECB STAFF SEE 2018 EUROZONE GDP AT 1.7% V MAR 1.8%
• ECB STAFF SEE 2017 EUROZONE GDP AT 1.7% V MAR 1.7%
• ECB STAFF SEE 2016 EUROZONE GDP AT 1.6% V MAR 1.4%
• inflation forecast modestly on the short end:

• ECB STAFF SEE 2016 EUROZONE HICP AT 0.2% V MAR 0.1%
• ECB STAFF SEE 2017 EUROZONE HICP AT 1.3% V MAR 1.3%
• ECB STAFF SEE 2018 EUROZONE HICP AT 1.6% V MAR 1.6%

En Résume

• DRAGHI: CROSS-CHECK CONFIRMS NEED TO PRESERVE ACCOMMODATION
• DRAGHI: MONPOL FOCUSED ON MEDIUM-TERM PRICE STABILITY