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Draghi Promises to Avoid Surprises as ECB Tiptoes to QE End

  • ECB president repeats call for patience, persistence, prudence
  • U.S. trade policies and euro strength seen as downside risks
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"Monetary policy still needs to be patient, persistent and prudent," Draghi says.Source: Bloomberg
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Mario Draghi said the European Central Bank will avoid surprising investors with sudden changes to its stimulus plans, stressing that inflation is still too low and U.S. trade policies and a stronger euro are concerns.

“Adjustments to our policy will remain predictable, and they will proceed at a measured pace,” the institution’s president said in his opening speech at the annual ECB and Its Watchers conference in Frankfurt. “We still need to see further evidence that inflation dynamics are moving in the right direction. So monetary policy will remain patient, persistent and prudent.”