ECB’s Draghi Hikes Inflation Forecast, Avoids Confetti

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.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.