Draghi Tells Germany Criticism May Slow Return to Higher Rates
- ECB president says debate should be 'polite and constructive'
- Also says U.K. would lose single-market access with Brexit
Mario Draghi
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
Mario Draghi hit back at German criticism of the European Central Bank’s policies, saying the attacks may undermine efforts to restore the inflation needed for higher interest rates.
“People in Germany can rest assured that their ECB president is doing everything to restore inflation to the right level,” he said in an interview with the tabloid Bild, the country’s most-read newspaper. “Our policy is working, but we must be patient; investor confidence has not yet been fully restored.”