Draghi Keeps Door Open For ECB Action
European Central Bank President Mario Draghi said the bank needed to be on its guard against a “negative spiral” of low inflation that could drag down the economy — and it could engage in large-scale bond purchases to combat that if need be. Draghi’s remarks at a conference in Sintra, Portugal, held out the prospect for action to stimulate the weak recovery at the ECB’s next governing council meeting June 5.
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