Draghi signals he has done enough to battle debt crisis
UPDATE: European Central Bank president Mario Draghi said inflation will probably breach the bank’s 2 per cent limit this year even as the economy stalls.
European Central Bank President Mario Draghi signalled he’s done enough to battle the sovereign debt crisis, laying the groundwork for an eventual exit from record-low interest rates and emergency lending measures.
Declaring that the environment “has improved enormously” and there are “many signs of returning confidence in the euro,” Draghi turned the spotlight instead on “upside risks” to inflation, which is now forecast to remain above the ECB’s 2 per cent limit this...
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