Draghi plays it safe
No new policy measures were forthcoming from the European Central Bank after the governing council decided last week to keep rates on hold at 0.25 per cent. President Mario Draghi emphasised positive signs in the eurozone economy and forecast that recovery would push inflation back up towards the bank's 2 per cent target by 2016. The decision to withhold stimulus - even after hinting last month that new tools were available...
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