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.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com