Central Banks

As it happened: Draghi hikes inflation forecast

The European Central Bank upgraded its inflation forecast for 2015 on Wednesday, after holding interest rates at record lows.

At his regular press conference, Mario Draghi said that the central bank now saw HICP inflation averaging 0.3 percent in the euro zone in 2015, suggesting that the much-hyped asset-purchase program could be succeeding in boosting prices.

Overall, the conference was reassuringly uneventful, following the interruption by a confetti-throwing protester at April's meeting.

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