ECB's Draghi Says Substantial Accommodation Still Needed

The ECB has decided to keep key interest rates unchanged, expecting them to remain stable for an extended period. The asset purchase program will continue at a monthly pace of €60 billion until at least December 2017, or longer if needed, to ensure inflation aligns with targets. Economic expansion in the euro area is strengthening, but inflation remains subdued due to weak energy prices. A substantial degree of monetary accommodation is necessary to support inflation dynamics. The ECB is prepared to adjust the asset purchase program if financial conditions or inflation outlooks change.

What decision did the ECB make regarding interest rates?

• To keep the rates unchanged

• To decrease the rates

• To eliminate 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 December 2018

• End of December 2016

• End of December 2020

What is the ECB's inflation target over the medium term?

• Above 3%

• Below but close to 2%

• Exactly 2%

• Below 1%

What factor is currently dampening headline inflation according to the ECB?

• Increased consumer spending

• Weak energy prices

• Strong economic growth

• High energy prices

What action is the ECB ready to take if the economic outlook becomes less favorable?

• Raise taxes

• Stop the asset purchase program

• Increase the asset purchase program

• Decrease interest rates