Draghi stands firm on stimulus as eurozone inflation ticks up

Frankfurt

THE European Central Bank (ECB) pledged on Thursday to keep its aggressive stimulus policy at least until the end of the year, arguing that inflation pressures in the eurozone remained weak despite expectations of faster price growth.

While expected, the decision showed the ECB's leadership was resisting calls from Germany to start winding down its 2.3 trillion-euro (S$3.46 trillion) bond-buying scheme, or at least signal its intention to do so, as growth and inflation rebound.