ECB chief Draghi speaks following monetary policy decision

“The economic expansion inside the euro area continued inside the third quarter of 2017, when real GDP increased by 0.6 percent quarter-on-quarter,” ECB President Mario Draghi said following the meeting.

“The latest data as well as also survey results point to solid as well as also broad-based growth momentum… Private consumption is actually underpinned by ongoing employment gains, which are also benefiting by past labor market reforms, as well as also by rising household wealth.

“Business investment continues to strengthen on the back of very favorable financing conditions, rising corporate profitability as well as also strengthening demand. Housing investment has also risen further over recent quarters. In addition, euro area exports are being supported by the broad-based global expansion.”

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