06-02-2017 17:57 via news.yahoo.com

Inflation won't lead ECB to change course soon: Draghi

Spiking inflation will not prompt the European Central Bank to end its ultra-loose monetary policy sooner than planned, its president Mario Draghi said Monday. "Support from our monetary policy measures is still needed" to drive inflation towards the ECB's target of just below 2.0 percent, Draghi told the European Parliament's Economic and Monetary Affairs Committee at a quarterly appearance in Brussels.
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