ECB President Mario Draghi said recent slowdown has raised questions on the strength of Eurozone growth outlook, and whether the the ongoing convergence of inflation towards target will be sustained. Back in October, Draghi said policymakers have “confirmed our confidence” in the outlook. And, inflation convergence could be maintained even after “gradual” winding-down of net asset purchase.
However, the Governing Council also noted “uncertainties surrounding the medium-term outlook have increased.” The council will be “better placed to make a full assessment of the risks to growth and inflation” with the upcoming projections in December meeting.
