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ECB to Keep Loose Policy ‘For Long Time’: Draghi

Posted September 25, 2014

Under Economic Issues, International Trade Issues


The European Central Bank will keep monetary policy loose for as long as it takes to push ultra-low inflation in the euro zone back up closer to the two% level, its president Mario Draghi said on Wednesday.

With data showing the single currency zone’s economy having ground to a halt in the second quarter, Draghi told French radio the ECB would do all in its power to stimulate growth but reaffirmed that euro zone countries needed to make their economies fitter. Read more here.