European Central Bank President Mario Draghi said on Thursday that policymakers were confident regarding the economy and that the inflation is gradually approaching its aim of "below, but close to 2 percent".
Draghi also expressed confidence that his home country Italy and the European Commission would reach an agreement over budget finances. He also urged the private sector to prepare for a hard Brexit, saying such an event could cause "financial uneasiness". Earlier on Thursday, the central bank left its key interest rates unchanged for a third consecutive policy session and reaffirmed that it plans to end its massive asset purchase plan, in place since 2015, by the end of December.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.