Draghi sees diminished growth risks even as inflation is lacking

Frankfurt

MARIO Draghi said risks to the euro-area economy have diminished further, even as he stuck to his line that core inflation continues to fall short of the European Central Bank's (ECB) comfort zone.

"The risks surrounding the euro-area growth outlook, while moving towards a more balanced configuration, are still tilted to the downside," the ECB president said in Frankfurt on Thursday, after the Governing Council agreed to keep policy unchanged, as expected by economists.