Draghi: No Need to Deviate on Policy Guidance Wording

The transcript discusses the challenges of asset purchases in segmented financial markets, the impact of negative interest rates, and their effects on bank profitability. It evaluates the current monetary policy, emphasizing the need for substantial monetary accommodation to achieve inflation targets. The outlook for the economy is improving, but a reassessment of the policy stance is not yet warranted.

What challenges are associated with asset purchases in financial markets?

How have negative interest rates affected the banking system?

What factors have contributed to the current assessment of side effects in monetary policy?

What is the outlook for the economy according to the current monetary policy?

What conditions must be met before altering the current monetary policy stance?