Draghi Says Exit Strategy Timing Key Amid Inflation Pressure

European Central Bank Governing Council member Mario Draghi said that inflation pressures are forcing policy makers to focus more closely on the timing of future interest rate increases.

“The appearance of inflationary tensions does require that we carefully assess the timing and methods for restoring normal monetary conditions and interest rates,” he said in a speech in Verona, Italy, today. “Monetary policy must prevent a deterioration of expectations, in order to keep the stimulus of international prices from passing through to domestic prices and wages in the longer term.”