Despite a recent rise in oil prices, the ECB’s economists barely raised their inflation forecast for this year, and left their projections for next year and 2018 unchanged, an indication... VIENNA—European Central Bank President Mario Draghi on Thursday said policy makers are willing to take further action if inflation doesn’t pick up decisively, but stressed the need for patience as previously announced stimulus measures take effect.

Source: Wall Street Journal June 02, 2016 11:53 UTC