Draghi: 'We aren't where we want to be yet'European Central Bank President Mario Draghi is seen after a news conference at the ECB headquarters in Frankfurt on Thursday. The ECB kept rates at record low and confirmed its asset-buying programme would continue at €60 billion (US$69.15 billion) per month at least until December and could be expanded or extended if deemed necessary. Investors have been looking for hints that the ECB may start reducing the scheme since President Mario Draghi said late last month that policy tweaks were possible to accompany the euro zone's economic recovery. The ECB also kept its rate on bank overnight deposits, which is currently its primary interest rate tool, at -0.40%, as expected. ECB President Mario Draghi that inflation, the target of much of the stimulus, was not where the ECB wanted it to be.

Source: Bangkok Post July 20, 2017 13:41 UTC