Draghi Says Loose ECB Policy Still Warranted, OMT Essential
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European Central Bank President Mario Draghi said the euro-area economy’s condition still requires a loose monetary policy and the Outright Monetary Transactions bond-purchase program is needed more than ever.
“Price stability is assured, and the overall economic outlook still warrants an accommodative stance,” Draghi said in a speech today in Berlin. “We expect that monetary stimulus and improvements in financial markets will support a recovery later in the year.”