Draghi Sees Room for Paring Stimulus Without Tightening Policy
- ECB president says forces damping inflation are temporary
- Persistence and prudence needed as recovery improves
European Central Bank President Mario Draghi discusses the institution’s monetary policy. He appears on 'Bloomberg Surveillance' from an ECB Forum in Sintra, Portugal. (Source: Bloomberg)
This article is for subscribers only.
Mario Draghi hinted at how he may sell a gradual unwinding of European Central Bank stimulus.
The ECB president repeated his mantra that the Governing Council needs to be patient in letting inflation pressures build in the euro area and prudent in withdrawing support. At the same time, there’s room to tweak existing measures.