The European Central Bank kept interest rates unchanged as widely expected on Thursday, but also delivered comments that were generally considered more dovish than expected by euro traders. Among other remarks, ECB President Mario Draghi stated that “all Governing Council members reported on the situation of their own countries. All experienced some moderation in growth or loss of momentum.” Draghi also said that “we continue to expect interest rates to remain at their present levels for an extended period of time, and well past the horizon of our net asset purchases." With respect to inflation, Draghi also ... (full story)