The ECB anticipates that headline inflation will resume its gradual upward adjustment, he added, but noted that uncertainties - including the strong euro - continue to prevail. “In particular, the recent volatility in financial markets, notably also in the exchange rate, deserves close monitoring with regard to its possible implications for the medium-term outlook for price stability,” he said. Draghi concluded his statement by urging euro zone governments to enact further policy measures needed to boost growth once interest rates have to rise. “Our monetary policy measures have had tangible benefits for the euro area economy. Further policy initiatives are however needed to reduce vulnerabilities, strengthen resilience in crisis situations and increase growth potential. Only ambitious policies will deliver concrete benefits for the people of Europe,” he said.