European Central Bank President Mario Draghi said on Thursday that the euro-zone economic outlook remains subject to high uncertainty and substantial downside risks, such as further intensification of tensions in the debt markets
Recent survey data pointed to "tentative signs of stabilization in activity at low levels," Draghi said, but added that it was hard to make a confident judgment based on those preliminary data.
The decision to keep interest rates on hold Thursday was unanimous, the ECB chief said, adding that the bank's monetary stance remains accommodative:
"Uncertainty is very high and we will monitor all developments and we will stand ready to act."
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