Draghi sounds alarm over eurozone inflation outlook

Mario Draghi
Mario Draghi
European Central Bank

European Central Bank president Mario Draghi expressed strong concern over the trend of inflation in the eurozone, and hinted strongly at further loosening measures.

Draghi said bluntly about the trend of eurozone inflation: “We don’t like it and therefore we are determined to act.” The ECB’s governing council was keeping policy rates on hold, Draghi told the press conference called to hear the ECB’s latest monetary policy decision today (July 25). It also did not change its stance on the

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