ECB's Draghi: CPI slowdown to 0.4% in July due to lower energy prices

By FXstreet.com | Updated August 07, 2014 AAA

FXStreet (Łódź) - The ECB head points out that Eurozone indicators have been volatile in Q2, following the 0.2% GDP increase in Q1and the Governing Council sees a “continued moderate and uneven recovery in the euro area economy”.



• “The progress made in fiscal consolidation and structural reforms and gains in real disposable income should make a positive contribution to economic growth,” Draghi suggests.



• Draghi sees rising geopolitical tensions as a downside risks to Eurozone economic recovery.
• He attributes the CPI slowdown to 0.4% in July to lower energy prices.



• The current low HICP will be followed by an upward movement.



• "Labor markets have shown signs of improvement, however rate of unemployment remains high."



• Demand for loans by non financial corporations and households in the Eurozone has increased, according to reports from financial institutions.



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