Draghi Sees Economy Recovering as ECB Rates Left on Hold

European Central Bank President Mario Draghi said the euro-area economy will return to growth by the end of the year, handing policy makers a reason to hold back fresh stimulus.

“Euro-area economic activity should stabilize and recover in the course of the year, albeit at a subdued pace,” Draghi told reporters in Frankfurt today. “We will monitor very closely all incoming developments and we stand ready to act.”