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ECB to end bond buys when inflation is on sustainable path: Draghi

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - The European Central Bank needs further evidence that inflation is rising towards its target and will end asset buys only when it is satisfied that price growth is on a sustained path towards its objective, ECB President Mario Draghi said on Wednesday. After the ECB dropped a long-standing pledge last week to increase its bond buying if needed, investors are looking for clues to its next move. They expect policymakers to end lavish stimulus later this year, satisfied that economic growth has become self-sustaining and that inflation will slowly rise. "We currently see ...

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First Published: Wed, March 14 2018. 13:59 IST
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