Draghi Tells German Lawmakers ECB Bond-Purchases Unlikely
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European Central Bank President Mario Draghi told German lawmakers that a quantitative-easing program isn’t imminent and is relatively unlikely for now, according to a euro-area official present at the meeting.
The central bank stands ready to embark on QE if needed, Draghi said at the gathering attended by lawmakers from parties that form the nation’s coalition government, the official told reporters yesterday. The person declined to be identified because the meeting in Koenigswinter, Germany, was private.