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Draghi Says ECB Critics Risk Provoking Need for More Action

  • ECB president briefs media after rates, QE kept on hold
  • Central bank has been attacked by German politicians
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Euro Area Will Have Low Inflation for a Long Time: Draghi

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A visibly irritated Mario Draghi called for critics of the European Central Bank to give its stimulus room to work, and warned that attacks on the institution could lead to further measures being needed.

“Any time the credibility of a central bank is perceived as being put into question, the result is a delay in the achievement of its objectives -- and therefore the need for more expansion,” the ECB president told reporters in Frankfurt, raising his voice. “Our policies work, they are effective. Just give them time.”