Draghi Says ECB’s Negative Rates Have Been a Success

ECB chief says asset purchases would continue until officials see a sustained improvement in the outlook for inflation

WASHINGTON—European Central Bank President Mario Draghi said Thursday the central bank’s negative interest-rate policies haven’t hurt bank profitability as critics suggested they would.

Mr. Draghi also reiterated the ECB’s guidance that asset purchases would continue until officials see a sustained improvement in the outlook for inflation, and that interest rates would remain at current levels “well past” the time it stops buying assets.

...

0 Comments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *