Draghi Strengthens Pledge to Keep Rates at Record Lows
This article is for subscribers only.
Mario Draghi strengthened the European Central Bank’s pledge to keep interest rates low for as long as necessary and warned that it’s too soon to say the euro region is out of danger.
“The Governing Council strongly emphasizes that it will maintain an accommodative stance of monetary policy for as long as necessary,” Draghi told reporters in Frankfurt today after the ECB kept its key rate at a record low of 0.25 percent.