Draghi's Opening Statement at ECB News Conference

The transcript discusses the ECB's decision to maintain interest rates and continue asset purchases to support economic growth and inflation targets. It highlights the strengthening economic expansion in the euro area, while noting subdued inflation due to weak energy prices. The ECB is prepared to adjust its asset purchase program if necessary. The analysis covers GDP growth, domestic demand, and investment, with a focus on monetary policy's role in supporting these areas. Recommendations for structural reforms and fiscal policies are also provided to enhance growth potential.

What decision did the ECB make regarding interest rates?

• To keep the rates unchanged

• To eliminate the rates

• To decrease the rates

• To increase the rates

Until when are the ECB's net asset purchases intended to run?

• End of December 2017 or beyond if necessary

• End of June 2017

• End of June 2018

• End of December 2018

What is the current state of inflation in the euro area according to the economic analysis?

• Inflation is rapidly increasing

• Inflation is decreasing rapidly

• Inflation is at a stable high level

• Inflation remains subdued

What supports private consumption in the euro area?

• Rising unemployment

• Decreasing corporate profitability

• Decreasing household wealth

• Employment gains and increasing household wealth

What are the challenges to economic growth in the euro area?

• Rapid implementation of structural reforms

• Strong global economic conditions

• Slow pace of structural reforms and global factors

• High levels of inflation

What is the growth rate of broad money M3 in May 2017?

• 3%

• 6%

• 4%

• 5%

What is essential for bolstering the resilience of the euro area economy?

• Reducing public spending

• Implementing structural reforms and fiscal policies

• Decreasing exports

• Increasing interest rates