Oireachtas Joint and Select Committees

Thursday, 8 November 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

European Monetary Policy: Exchange of Views with Mr. Mario Draghi

3:10 pm

Mr. Mario Draghi:

As a matter of fact, the last time I was in Dublin I gave a speech on employment and on youth unemployment. There are many causes, of course, but the European Central Bank can consistently and firmly pursue its mandate. We call its mandate price stability and it indirectly captures a variety of dimensions much broader than that. That means we should fight deflation and all the causes that would lead to that or to inflation that is too low. Our mandate came to be as a result of the crisis and that is how it still is.

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