Draghi sounds confident note on inflation and growth
ECB president says data points to “solid and broad-based” growth in eurozone
Mario Draghi appeared marginally more confident about inflation in the eurozone, as he announced no changes to the European Central Bank’s monetary policy today (July 26).
ECB president Draghi said the bank would keep policy rates at their current levels, “at least through the summer of 2019”. He also said the ECB will continue to invest the proceeds of its asset purchase programme “for an extended period of time”, even after the purchases end.
Observers noted almost no financial market
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