Economics
Draghi Pledges Euro Area Will Get All the ECB Support It Needs
- President says ECB more confident in inflation outlook
- Draghi speaks at quarterly hearing at European Parliament
Draghi Says ECB to Keep as Much Stimulus as Needed
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Mario Draghi said the European Central Bank will keep as much stimulus as the euro-area economy needs when policy makers decide to adjust their 2.3 trillion-euro ($2.7 trillion) bond-buying program later this year.
Speaking in Brussels on Monday, the ECB President pointed to uncertainties about the medium-term outlook for inflation as he presented an upbeat picture of economic recovery after 17 consecutive quarters of growth and unemployment at the lowest level in eight years. He stressed there was no pre-set size for the central bank’s balance sheet, which depended on the instruments the central bank was using and the state of the economy.