Draghi warns of downside risks as ECB ends net asset purchases
ECB will continue buying sovereign bonds with yields below deposit rate
European Central Bank president Mario Draghi warned that eurozone inflation risks were “moving to the downside” as he confirmed the ECB was ending its net asset purchasing.
Draghi had been widely expected to announce that the ECB was halting its purchase of public and private sector assets today (December 13). But his warning about mounting downside risks to eurozone growth and inflation was less expected.
The ECB president said risks were rising due to increased political instability, rising
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