European Central Bank

After ECB holds rates steady, Mario Draghi weighs in on policy

ECB to keep interest rates unchanged: Draghi

Mario Draghi, president of the European Central Bank, spoke Thursday at the institution's headquarters in Frankfurt, Germany.

The press conference followed a routine monetary policy meeting at which officials kept interest rates on hold. The bank's asset purchase program was also held steady. The euro initially dropped to $1.1489 against the dollar on the news, losing some of its gains in recent weeks. But, Draghi did say that changes to bond buying policy would be discussed in September, which reversed the drop.

Inflation is not where we want it to be: Mario Draghi