The European Central Bank needs further evidence that inflation is rising towards its target and will end asset buys only when it is satisfied that price growth is on a sustained path towards its objective, two of the ECB's top officials said on Wednesday.
European Central Bank head Mario Draghi says that the eurozone economy still faces "risks and uncertainties" and cautioned that the bank needs to see an accompanying upward trend in inflation before it can end its bond-purchase stimulus
European Central Bank head Mario Draghi says it's too soon to declare victory over excessively weak inflation _ indicating it's too early to set a definite end date for the bank's money-printing stimulus despite a strengthening recovery
The European Central Bank is increasingly confident that inflation will rise on the back of rapid economic growth but currency market volatility is a potential obstacle, ECB President Mario Draghi said on Monday.
The European Central Bank is increasingly confident that it will lift inflation back to its target but also faces new obstacles from currency market volatility, ECB President Mario Draghi told the European Parliament on Monday.
The European Central Bank will only stop pumping cash into the euro zone economy when it is confident that inflation is heading towards its target even without its extra help, the ECB's chief economist Peter Praet said on Monday.
STERLING continues to hold steady against the Euro as Davos rumbles on, trading at 1.1487 at 2:30pm on Friday. The European Central Bank met yesterday, with Mario Draghi, the ECB president, saying that whilst inflation was on track, there would be few chances for an interest rate hike. The British Pound was labelled the best performing currency of 2017. Sterling has had a flying start to 2018 and looks set to surge into higher levels. Hopes that Britain will soon agree a transition deal with Brussels supporting sterling have also contributed to the currency's strong performance. "I expect the political noise to move the pound on a short-term basis. "But will it change the overall direction of the last 12 months? I don't think so," said Michael Hewson, chief analyst at CMC Markets, who remains bullish on the pound. Hewson said the only event that could send sterling sharply lower was if talks with the EU broke down completely, which he said did not look likely as Brussels looked more amenable to ...