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Draghi Sees Solid Recovery While Inflation Concern Remains

  • Governing Council left bond program, rate guidance unchanged
  • Risk to growth still on downside but becoming more balanced
Bloomberg business news

ECB's Draghi Says Recovery Is Solid and Broad

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Mario Draghi showed growing enthusiasm about the state of the euro-area economy, while cautioning that inflationary pressures remain too weak to contemplate paring back stimulus.

“It’s true that growth is improving, things are going better,” the European Central Bank president told reporters in Frankfurt on Thursday after the Governing Council agreed to keep its stimulus settings unchanged. “In 2016 we were speaking of a fragile and uneven recovery. Now it’s solid and broad.”