European Central Bank President Mario Draghi interview in German news magazine Spiegel on Saturday

Asked about any further cuts to interest rates after the ECB cut its main refinancing rate to a record low of 0.25 percent in November, Draghi said: “at the moment we don’t see a need for any urgent action.”

“We are not seeing any deflation at present… but we must take care that we don’t have inflation stuck permanently below one percent and thereby slip into the danger zone.”


  • The euro zone crisis has not yet been beaten
  • But many encouraging signs including economic recoveries in some countries, easing trade imbalances and shrinking budget deficits

More at Reuters