Draghi Sees Inflation Optimism in Recovery With Eye on Euro
- Currency gain ‘a source of uncertainty’ ECB president says
- There are ‘very few chances’ interest rates will rise in 2018
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Mario Draghi expressed conviction that euro-area inflation will pick up, pushing the euro even higher despite his warning that the exchange rate is a renewed concern.
The European Central Bank president said the strengthening economy justifies some currency appreciation, while reviving a warning on volatility that hasn’t been used since September. He also took a sideswipe at comments from U.S. Treasury Secretary Steven Mnuchin apparently backing a weaker dollar.