ECB's Draghi: Our Measures Ease Cost of Credit

The video discusses the euro area's economic recovery, focusing on maintaining inflation close to 2%. It highlights measures to ease credit costs and strengthen credit creation, contributing to economic growth. The video also covers expected stimulus from monetary policy measures and emphasizes the importance of preventing low inflation from affecting wage and price settings. The Governing Council is committed to monitoring price stability and using all available instruments to achieve its objectives.

What measures are being taken to ease the costs of credit?

How is the economic recovery described in the text?

What are the potential risks mentioned regarding growth and inflation?

What is the significance of monitoring the outlook for price stability?

What actions might the Governing Council take if inflation remains low?