Draghi Says Improving Euro-Area Inflation Appears Self-Sustained
- Sees risks broadly balanced, notes increased protectionism
- ECB president addresses European Parliament lawmakers
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Mario Draghi said the improvement in euro-area inflation is on a self-sustained path as he struck a confident tone that the European Central Bank can withdraw its stimulus despite the rising specter of a global trade war.
Addressing European Parliament lawmakers, the ECB president urged the region’s governments to lead by example by pushing back against creeping protectionism, which he singled out as the main risk for the area’s economic expansion.