ECB chief highlights growth risks, uncertainty

REUTERS

"Uncertainty remains high and downside risks are still significant due to the continued fragile state of the global economy and geopolitical developments," Draghi told the European Parliament's economy committee, Reuters reports.

"We will closely monitor the evolution of the outlook for price stability," he said. "We stand ready to act by using all the instruments available within our mandate, if necessary, to achieve our objective. In particular, the ECB is ready for all contingencies following the UK’s EU referendum."

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