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ECB needs more evidence that inflation is rising: Draghi

Reuters  |  FRANKFURT 

(Reuters) - The needs further evidence that is rising towards its target, even if its confidence in the path is increasing, ECB said on Wednesday.

"We currently see converging towards our aim over the medium term, and we are more confident than in the past this convergence will come to pass," told a conference. "But we still need to see further evidence that inflation dynamics are moving in the right direction.

"So monetary policy will remain patient, persistent and prudent," he added.

(Reporting by Balazs Koranyi; Editing by Catherine Evans)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 13:46 IST