Draghi Says ECB Keen to Avoid Deterioration of Inflation Outlook

European Central Bank Governing Council member and likely future president Mario Draghi said policy makers remain determined to keep inflation expectations in check after lifting the bank’s key interest rate last month.

“Even with this measure, monetary conditions remain accommodating,” Draghi said in a speech at the Bank of Italy’s annual meeting in Rome today. “The ECB Governing Council has reasserted its determination to prevent international price trends from provoking, apart from the inevitable short-term effects, a deterioration in inflation expectations.”