Draghi Says ECB Will Act If Market Turmoil Threatens Outlook
- ECB president says euro-area banks now more resilient
- ECB will monitor headwinds as global economy rebalances
Is Draghi Raising Expectations Bad For the Market?
This article is for subscribers only.
The European Central Bank will take measures to ensure its monetary policy reaches the real economy if that appears threatened by financial-market turbulence, President Mario Draghi said. The euro fell.
“In the light of the recent financial turmoil, we will analyze the state of transmission of our monetary impulses by the financial system and in particular by banks,” European Parliament lawmakers in Brussels on Monday. In addition, the ECB will examine the impact of renewed declines in energy prices and “if either of these two factors entail downward risks to price stability, we will not hesitate to act,” he said.