The President of the European Central Bank (ECB), Mario Draghi, once again called for prudence, patience and perseverance in monetary policy, stating on Thursday 26 July that it was too early to cry victory in the challenge of establishing inflation at a level close to but below 2%.
Economic growth in the Eurozone remained solid, even though some moderation in its vigour was observed at the end of 2017. Upwards and downwards risk are still globally balanced, the production of wealth should...