ECB's Draghi: Governing council unanimous in commitment to use unconventional measures

FXStreet (Łódź) - Following ECB's decision to hold monetary policy steady in July, president Mario Draghi says at the press conference that the Eurozone economic recovery continued at a moderate pace in the second quarter of the year.

• Inflation expectations remain firmly anchored, the ECB head remarks.

• Rates will be at present or lower level for an extended time.

• The combination of monetary policy measures decided last month has led to a further easing of the monetary policy stance, Draghi says adding that the governing council is unanimous in commitment to use unconventional measures, should inflation stay low for a prolonged period of time.

• The monetary operations to take place over the coming months will add to the accommodation and will support bank lending.

• Rates will be at present or lower level for an extended time.