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Draghi Says Fiscal Boost Could Allow ECB to Raise Rates Sooner

  • Budget stimulus is more powerful with rates at lower bound
  • ‘Monetary policy will continue to do its job,’ Draghi says
Mario Draghi, president of the European Central Bank.

 

Mario Draghi, president of the European Central Bank.

 

Photographer: Alex Kraus/Bloomberg

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Mario Draghi said looser budget policies complementing the European Central Bank’s monetary stimulus would augur a quicker end to ultra-low interest rates, lessening the damage they cause.