Inflation risks are "broadly balanced" and economic risks remain "on the downside," says ECB...

|By:, SA News Editor

Inflation risks are "broadly balanced" and economic risks remain "on the downside," says ECB chief Mario Draghi at his press conference (following the rate cut this morning). Draghi ends his introductory remarks by throwing the baton to EU governments, saying they must continue with fiscal consolidation and target competitiveness. Future rate cuts, however, are not ruled out. European stocks (FEZ) remain moderately higher, the euro (FXE) about flat.