Economics
Draghi Welcomes Easing of Trade Tension to Keep Economy on Track
- ECB president spoke a day after EU and U.S. talks on tariffs
- Central bank stuck to plan to end bond purchases in December
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Mario Draghi welcomed a trade truce between Europe and the U.S. as he pointed to a solid economy that keeps the European Central Bank on track to start raising interest rates sometime after summer 2019.
Six years to the day since the ECB president pledged to do “whatever it takes” to save the euro, he confirmed that policy makers are comfortable enough to prepare for the end of extraordinary stimulus -- with euro-zone inflation pressures now broadening as well as strengthening.