The latest data and confidence indicators for the end of September confirm the estimate of a very gradual recovery from very low levels for the Eurozone in the face of inflation that will remain contained. This was stated by the president of the ECB, Mario Draghi, in the monthly press conference which takes place in October in Paris.
Indeed, medium-term price pressures should remain contained. The ECB will maintain an accommodative rate policy and confirms the promise of interest rates at these levels, historic lows, or lower for an extended period of time. At the same time, the ECB "closely monitors the trend in market rates" and is "ready to use all available tools" to contain an adverse evolution.
