9/12, 2:41 PM (Source: TeleTrader)
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Draghi: Rate decision was response to shortfall in inflation

Mario Draghi, President of the European Central Bank, said on Thursday that the interest rate decision announced earlier in the day was taken as a response to the shortfall in inflation. The policymaker also cited "persistence of prominent downside risks" and "further downgrade of the inflation outlook" as the factors that affected the policy.

The decision is aimed at ensuring that financial conditions remain very favorable and to sustain the euro area expansion, Draghi noted.

Breaking the News / NI