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Draghi Says Economy Weaker Than Expected Amid Global Uncertainty

Tuesday, 15 January 2019 23:46 WIB Mario Draghi Ekonomi Eropa

Soft economic data underline the continued need for European Central Bank stimulus, according to President Mario Draghi. “Recent economic developments have been weaker than expected and uncertainties, notably related to global factors, remain prominent,” Draghi told members of the European Parliament in Strasbourg. “A significant amount of monetary-policy stimulus is still needed to support the further build-up of domestic price pressures and headline inflation developments over the medium term.” The euro fell after the speech was published and was down 0.6 percent at 5:35 p.m. in Frankfurt, trading at $1.1397. The ECB president made his first public appearances of the...

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