Draghi: Policy stance still appropriate

|By:, SA News Editor

"We are confident that our policy is working," ECB President Mario Draghi said at a conference in Frankfurt, stressing "sufficient confidence" would be necessary for the central bank to change tact.

"We have not yet seen sufficient evidence to materially alter our assessment of the inflation outlook... Hence a reassessment of the current monetary policy stance is not warranted at this stage."

Euro -0.2% to 1.0648.