ECB statement from the June 2016 governing council meeting

  • Rates will stay at current or lower levels well beyond the horizon of asset purchases

  • QE will run until March 2017 or further

  • QE will run until ECB sees sustained adjustment in inflation towards target

  • Economic recover is proceeding gradually

  • ECB will monitor for second round effects

  • ECB will use all instruments in its mandate if needed

  • Growth is supported by domestic demand

  • Q2 growth may be slower than Q1

  • Recovery will continue at a moderate pace

  • Inflation to remain low in coming months

  • Euro area dampened by slow structural reforms

  • Risks to growth tilted to the downside

  • Risks related to the global economy and Brexit

Tell it like it is Mario