Asset Purchases: Trend Draghi and Case Outlook

asset purchases: Underlying inflation pressures continue to remain subdued and have yet to show a convincing upward trend, according to The Japan Times. Draghi added that the region's recovery is becoming increasingly solid and that the Governing Council had a discussion on whether to change its assessment on the risks to growth. The risks surrounding the euro area growth outlook, while moving towards a more balanced configuration, are still tilted to the downside, the ECB president said in Frankfurt on Thursday, after the Governing Council agreed to keep policy unchanged, as expected by economists. Rates will stay at present or lower levels for an extended period, and well past the horizon of net asset purchases, which remain flexible in size and duration in case the outlook becomes less favorable, he said. Having been up as much as 0.3 percent at one point, it was down 0.3 percent to 1.0874 as of 2 05 p.m. The euro rose immediately after Draghi's remarks before giving up the advance soon after. (news.financializer.com). As reported in the news.