Draghi Says Inflation Weakening as December Decision Nears
- Signs of turnaround in core inflation also fading, Draghi says
- ECB has pledged to boost monetary stimulus if mandate at risk
Mario Draghi Dovish on European Economy
This article is for subscribers only.
Mario Draghi signaled that the European Central Bank is ready to boost its stimulus programs next month as inflation wanes and economic prospects worsen.
“Signs of a sustained turnaround in core inflation have somewhat weakened,” the ECB president told a hearing in the European Parliament in Brussels on Thursday. “Downside risks stemming from global growth and trade are clearly visible.”