Mar 15, 2018 8:38 AM | Daily Market News
LGT Navigator: ECB’s Draghi in no rush
Despite the positive economic outlook, ECB head Mario Draghi does not yet see any immediate urgency with regard to the expected turnaround in monetary policy. Although inflation will approach the targeted level of just under two percent over time, further indications are needed that inflationary dynamics are moving in the right direction. Compared to previous recovery phases, the underlying price trend remains subdued, Draghi said.