Italy's Draghi: Inflation within euro area continues to remain low

Italian Prime Minister Mario Draghi noted on Thursday that inflation within the euro area continues to remain low, necessitating an accommodative monetary policy, as reported by Reuters.

Additional takeaways

"This may not be the case in the future if inflation expectations exceed the European Central Bank's target on a sustained basis."

"The EU must consider how to allow all member states to issue safe debt to stabilise their economies."

"Discussion on the reform of the stability pact is the ideal opportunity to do this."

Market reaction

These comments don't seem to be having a significant impact on the shared currency's performance against its rivals. As of writing, the EUR/USD pair was virtually unchanged on the day at 1.1855.