Draghi Says Europe’s Recovery Firming With No Deflation in Sight
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European Central Bank President Mario Draghi said he sees signs of a “dramatic” improvement in the health of the euro-area economy and that inflation will gradually return to target.
“What we have been seeing in the past three or four months is both the improvement in financial markets and that our accommodative monetary policy is finally being passed through to the real economy,” Draghi said yesterday at the World Economic Forum in Davos, Switzerland. “The idea is that now we have low inflation, and it will move gradually back to the objective” of just under 2 percent.