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ECB's Draghi says a "soft path" does not necessarily signal a recession



European Central Bank (ECB) President Mario Draghi made further bad comments on Wednesday, suggesting that there may be another delay in the pedestrian if needed.

The bank's interest rates are now expected to "remain at their current level at least through the end of 201

9." Interest rates in the eurozone have been on record highs this year following the euro's sovereign debt crisis in 2011 in an attempt to increase inflation and stimulate growth.

The ECB has often been criticized for implementing too many measures to help the euro area, as some say may limit their options in future downturns. But Draghi said Wednesday that this is not the case. [19659003] "The ECB will adopt all monetary policy measures that are necessary and proportionate to achieve the goal. We are not short of instruments to deliver on our mandate," he said.


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