26th Oct 2016


ECB chief defends low-rates policy

European Central Bank (ECB) president Mario Draghi has defended his low interest rate policy in the German parliament. He told MPs that because of ECB action "savers, employees, entrepreneurs, pensioners and taxpayers across the euro area, including in Germany, are better off". He said there was no "overheating in the euro area or the German economy" and that Germany should spend more to help boost the economy.

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