- European Central Bank President Mario Draghi sees "no immediate need" to cut the bank's main interest rate further.
- While the eurozone crisis "isn't over," Draghi told Der Spiegel, "there are many encouraging signs." These include economic recovery in some countries, lower trade imbalances and falling budget deficits.
- Draghi's comments come after the ECB reduced rates by a quarter of a point to a record low of 0.25% last month and cautioned that the eurozone could face a "prolonged period" of low inflation. However, Draghi said in the interview that there are no signs of deflation. "We don't have a situation as in Japan," he said.
- Bundesbank President Jens Weidmann has said that the "calm" in the financial markets could be deceiving. "Subdued price pressure shouldn't be a license for arbitrary monetary-policy easing," Weidmann said.
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ECB's Draghi: No immediate need for more rate cuts
Dec 29 2013, 05:16 ET