Mario Draghi spoke at a press conference

Mario Draghi, Head of the European Central Bank, spoke at a press conference today after the bank’s meeting. Draghi noted that the ECB intends to continue the implementation of measures within the framework of the existing quantitative easing programme. Answering questions from the mass media, the head of the European Central Bank said, in particular, that the action plan approved in March will provide an impetus for the growth of the economy and consumer prices in the euro area. Currently, the cost of lending is decreasing, lending volumes are gradually increasing.

According to Draghi, the financial system of the euro zone was able to cope with the negative impact of the UK’s decision to leave the European Union. However, there are still risks that will put pressure on macroeconomic indicators in the euro zone. Low inflation will persist in the region in the near future. Its growth can be expected no earlier than 2017-2018. He thinks Mario Draghi.

The head of the ECB called on the eurozone leadership to take more decisive steps in implementing structural reforms.

In general, Mario Draghi’s performance was optimistic. Probably the reason for it was the survey of the governments of the Eurozone countries, according to which there are no obvious signs of significant deterioration of the situation in the countries of the region after the British referendum. Apparently, the European Central Bank does not intend to seriously adjust its plans for stimulating the economic recovery due to Brexit.