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Draghi Points to 2019 as Time for Inflation Mission Accomplished

  • ECB president speaks in Washington on sidelines of IMF meeting
  • Price growth in euro area has undershot ECB goal since 2013
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Inflation in the euro area should return to the European Central Bank’s target by early 2019 at the latest, ECB President Mario Draghi said.

“Our inflation rate will pick up during the course of 2017, and then will continue moving in 2018 toward the objective which is close but below 2 percent,” Draghi said on Saturday at a press conference during the annual meeting of the International Monetary Fund in Washington. “This is predicated on maintaining the extraordinary support of our monetary policy.”