File - Mario Draghi, President of the European Central Bank (ECB) addresses a press conference following the meeting of the Governing Council in Frankfurt am Main, central Germany, August 1, 2013. (AFP PHOTO / DPA / BORIS ROESSLER)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
European Central Bank President Mario Draghi said a further appreciation of the euro would trigger more monetary stimulus in his strongest warning yet about the region's rising currency.The toughest in a series of currency comments from Draghi and fellow ECB officials came after the euro appreciated 6 percent versus the dollar over the past year.Draghi, attending spring meetings of the International Monetary Fund, said the euro had a "significant" impact on price stability.Draghi is already considering whether to introduce more stimulus including possibly quantitative easing after the inflation rate of the 18-nation euro area dropped to 0.5 percent in March, the lowest level in more than four years.The inflation rate would be at about 1 percent without the currency's appreciation, France's central bank Governor Christian Noyer said Saturday.
FOLLOW THIS ARTICLE