ECB "Nowhere Near" Exiting From Accommodative Monetary Policy: - TopicsExpress

ECB "Nowhere Near" Exiting From Accommodative Monetary Policy: Draghi The European Central Bank is determined to maintain its current stance, and will not exit from the accommodative monetary policy in the near term, ECB President Mario Draghi said Tuesday. Speaking to a gathering in Berlin, Draghi said the overall economic outlook still warrants an accommodative stance as inflation is low and unemployment is high. "We see some signs of stabilization in sentiment, even though uncertainties remain. And we expect that monetary stimulus and improvements in financial markets will support a recovery later in the year," the policymaker said. ... read more : forex-tsd/financial-news-analytics/26338-forex-news-423.html#post617068

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