–General Stance Of Monetary Policy Seen Accommodative
BARCELONA, Spain (MNI) – The European Central Bank Governing
Council did not discuss any specific proposal to lower interest rates at
its meeting Thursday, ECB President Mario Draghi said here.
“We didn’t discuss any specific move on interest rates,” Draghi
told journalists after the Council’s external meeting here. “We
certainly discussed our general monetary policy stance, which we found
accommodative in view of an economic outlook which becomes more
uncertain.”
Draghi said that risks to the outlook for inflation remained
“broadly balanced”, with upside risks emanating from commodities and
indirect taxes and downside risks from weaker than expected economic
activity.
–London Bureau; Tel: +44 207 8627492; email: ukeditorial@marketnews.com
[TOPICS: M$X$$$,M$$EC$,M$$CR$,MGX$$$,MT$$$$,M$S$$$]
