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ECB can change rate path if inflation slows: Draghi

From reuters.com

The European Central Bank can change its plans to start raising interest rates late next year if borrowing costs rise too far or inflation slows, ECB President Mario Draghi said on Friday. Having pumped 2.6 trillion euro ($2.95 trillion) into the euro zone’s financial system since 2015 in a bid to revive inflation, the ECB expects to stop adding to its bond pile in December and raise rates sometime after next summer for the first time in eight years. Draghi stuck to those plans in his speech but cautioned the rate path might change, hinting at a spillover from the United States, where the Federal Reserve has been ... (full story)

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