ECB's Draghi sees euro zone inflation at target by 2018-2019-El Pais
- Netflix, Inc. (NFLX) Tops Q4 EPS by 1c; Subs Beat Views
- S&P 500 ends up slightly with boost from financials; Netflix up late
- Nestle Said Examining Takeover of Mead Johnson (MJN) - Source
- La Quinta Holdings (LQ) Gains on Plan to Split in Two
- After-Hours Stock Movers 01/18: (OCLR) (CSX) (NFLX) Higher; (AMDA) (RCII) (ZYNE) Lower (more...)
European Central Bank (ECB) President Mario Draghi addresses the European Parliament's Economic and Monetary Affairs Committee in Brussels, Belgium November 28, 2016. REUTERS/Yves Herman
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
MADRID (Reuters) - Euro zone inflation should return to the European Central Bank's target of close to but below 2 percent between 2018 and 2019, ECB President Mario Draghi told Spanish newspaper El Pais on Wednesday.
"I would say that, despite a great deal of crisis over the last few years, we've maintained our route and predict that inflation will return to a level compatible with our target of a rate near 2 percent, between 2018 and 2019," Draghi said in an interview.
The euro zone's central bank has missed its inflation target for well over three years. It will release initial 2019 forecasts on Dec. 8 when it also updates earlier projections.
(Reporting by Paul Day; Editing by Balazs Koranyi)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Pope to bless Philippines' Duterte, aide says
- BHP, Vale, Samarco set June 30 deadline to resolve multibillion dollar claims
- China willing to work with new U.S. administration to promote healthy ties: commerce ministry
Create E-mail Alert Related CategoriesReuters
Related EntitiesEuropean Central Bank
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!