Draghi signals ready to act, defends banker meetings

From reuters.com

The head of the European Central Bank underlined on Thursday the bank's readiness to extend money printing, warning that a key measure of economic health -- price inflation -- was flagging. In remarks to European Union lawmakers, Mario Draghi also defended private meetings between policy setters and banks and hedge funds, such as executive board member Benoit Coeure's meeting with a French bank hours before the ECB cut rates. "Signs of a sustained turnaround in core inflation have somewhat weakened," Draghi told the European Parliament's economics committee, addressing a barometer of economic health that could ... (full story)