The European Central Bank will fully complete its program of money printing to buy chiefly government bonds, its president said on Thursday, adding that he saw little indication of financial imbalances emerging.
“While we have already seen a substantial effect of our measures on asset prices and economic confidence, what ultimately matters is that we see an equivalent effect on investment, consumption and inflation,” said Mario Draghi in the text of a speech delivered to an audience in Washington.
“To that effect, we will implement in full our purchase program as announced and, in any case, until we see a sustained adjustment in the path of inflation.”
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