In its latest economic bulletin released after the January policy meeting, the European Central Bank (ECB) noted that the monetary policy measures are underpinning favorable financing conditions.
Easier borrowing conditions supporting consumer spending and business investment.
Global economic activity remains moderate, but there are signs of stabilization.
But the outlook for global economic activity remains subdued.
Risks to the global outlook remain elevated but are less skewed to the downside.
Global trade momentum remains weak, albeit amid signs of stabilization.