QE plan: Draghi speaking with Bank of Mexico governor Agustin Carstens (left) during the International Monetary Fund and World Bank Group annual meetings in Washington DC. ECB policy makers are preparing for a plan for the bond-buying programme past the end of this year. — Bloomberg
FRANKFURT: With the European Central Bank’s (ECB) next policy update less than two weeks away, the institution’s chief is expressing both confidence and patience about achieving its inflation goal.
“We are confident that as the conditions will continue to improve, the inflation rate will gradually converge in a self-sustained manner, as we’ve defined many times, and in a durable way to our objective,” ECB president Mario Draghi told reporters in Washington on Saturday.
Limited time offer:
Just RM5 per month.
