The ECB is "far" away from tightening monetary policy, Mario Draghi told an audience in Munich...

|By:, SA News Editor

The ECB is "far" away from tightening monetary policy, Mario Draghi told an audience in Munich yesterday, with the bank forecasting that inflation will be significantly lower than its 2% target. Draghi's comments followed swiftly on the heels of Ben Bernanke's dovish statements in the U.S., although ECB Board Members Yves Mersch and Peter Praet warned about leaving the emergency measures in place for too long.