Draghi Draws Line Under ECB Rate Debate and Warns on Prices
- ECB chief sees scant evidence inflation stabilizing at goal
- Praet says policy path ‘exploits complementarity’ of QE, rates
Draghi: No Need to Deviate on Policy Guidance Wording
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Mario Draghi sought to quash the idea that the European Central Bank will begin tightening policy sooner than planned, saying that inflation in the euro area isn’t strong enough for officials to start signaling such a shift.
“I do not see cause to deviate from the indications we have been consistently providing in the introductory statement to our press conferences,” the ECB President said in a speech in Frankfurt on Thursday. “We have not yet seen sufficient evidence to materially alter our assessment of the inflation outlook -- which remains conditional on a very substantial degree of monetary accommodation.”