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Draghi Keeps ECB Stimulus in Last Act as Economy Stains Legacy

  • President saved the euro but wasn’t able to revive inflation
  • Final press conference will be held at 2:30 pm in Frankfurt
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Draghi: Downside Risks `Prominent,' Inflation `Muted'

The European Central Bank kept monetary stimulus unchanged in the final meeting of Mario Draghi’s presidency, an eight-year period in which he prevented a euro-zone breakup but was unable to meet his inflation goal.

The Frankfurt institution confirmed its latest package of record-low interest rates and a resumption of quantitative easing, a program unveiled last month amid unprecedented opposition from some officials. Much of the implementation will now be up to Draghi’s successor, Christine Lagarde, who attended Thursday’s Governing Council as an observer.