ECB's Draghi: Euro zone recovering

Comment on this story
ECB REUTERS Picture: Reuters.

Brussels - The euro zone's moderate recovery is continuing and inflationary pressures are subdued, the European Central Bank said on Thursday, pledging to keep interest rates low for an extended period of time.

“Incoming information continues to underline that the moderate recovery of the euro zone economy is proceeding,” Draghi told a news conference after the ECB decided to keep its interest rates unchanged at 0.25 percent.

He added that new projections would be ready at the ECB's June meeting.

Draghi said price pressures remained low and that annual inflation would not rise towards the ECB's target of just below 2 percent until the end of 2016. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines