Reuters - The European
Central Bank needs to maintain its current level of monetary support to bring
euro zone inflation back to its target, ECB President Mario Draghi
said on
Monday.
"The
return of inflation towards our objective still relies on the continuation of
the current, unprecedented level of monetary support, in spite of the gradual
closing of the output gap," Draghi told the European Parliament.
"It is
for this reason that we remain committed to preserving the very substantial
degree of monetary accommodation necessary to secure a sustained convergence of
inflation towards levels below, but close to, 2 percent over the medium
term,"
Draghi said,
repeating the bank's recent policy message.
Reuters
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