ECB's Draghi sees euro zone inflation at target by 2018-2019-El Pais

November 30, 2016 1:46 AM EST

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


Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a 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






Related Categories

Reuters

Related Entities

European Central Bank

Add Your Comment