Eurozone Needs 'Ample' Dose of Monetary Stimulus -ECB's Draghi
20 November 2017 - 2:54PM
Dow Jones News
By Tom Fairless
The eurozone's economic recovery is "solid and broad-based," but
the region still needs an "ample" dose of monetary stimulus because
inflation remains too weak, European Central Bank president Mario
Draghi told European lawmakers Monday.
Speaking at the European Parliament in Brussels, Mr. Draghi
warned that inflation had "yet to show convincing signs of a
self-sustained upward trend," despite the improved outlook for
economic growth.
Eurozone inflation was 1.4% in October and is expected to
temporarily decline towards the turn of the year, mainly due to
weaker energy prices on a year-on-year comparison, Mr. Draghi said.
The ECB aims to keep inflation just below 2%.
"The improvements in labor markets that we have observed still
need time to translate into more dynamic wage growth," Mr. Draghi
said.
Write to Tom Fairless at tom.fairless@wsj.com
(END) Dow Jones Newswires
November 20, 2017 09:39 ET (14:39 GMT)
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