Economics
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.
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.