Economics

Draghi Talks Tough on Stimulus as ECB Discusses More Rate Cuts

ECB extended its plan to keep interest rates at record low
Euro-zone inflation is weakening as global economy cools

Draghi comments on economic headwinds, inflation, financing conditions and monetary policy in his opening statement.Source: Bloomberg

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By Paul Gordon and Carolynn Look

June 6, 2019 at 1:04 PM UTC

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Mario Draghi hardened his language as he said the European Central Bank won’t shy away from action to support the euro-area economy during a period of weakening growth.