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ECBs Draghi says a "soft path" does not necessarily signal a recession



European Central Bank (ECB) President Mario Draghi made further cautious comments on Wednesday, suggesting that key rates may be further delayed.

The Bank's interest rates should now "at least remain at their current levels" by the end of 201

9. "Interest rates in the Eurozone have been at record lows for years after the euro sovereign debt crisis in 2011 to boost inflation and growth

The ECB has often been criticized for taking too many measures to support the Eurozone Some say they could restrict their options in future downturns, but Draghi said Wednesday that this was not the case.

The ECB will take all monetary policy measures necessary and proportionate to achieve its objective. We do not have the tools to fulfill our mandate, "he said


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