Draghi Says Euro-Area Recovery on Track Even With Greek Turmoil
(Bloomberg) -- European Central Bank President Mario Draghi speaks at a news conference in Frankfurt about the decision to keep the main refinancing rate at 0.05 percent, the bank's asset-purchase program and the euro-area's economic outlook. (This is Draghi's prepared statement. Source: Bloomberg)
Europe’s economic pickup is proceeding and increased uncertainty in financial markets isn’t derailing a broadening of that recovery, European Central Bank President Mario Draghi said.
“The Governing Council will follow its monetary policy strategy and concentrate on trends in inflation and the medium term outlook for price stability,” Draghi said at a press conference in Frankfurt Thursday, after the ECB left its interest rates and asset purchase programs unchanged. “The asset purchase programs continue to proceed smoothly.”