ECB stimulus working, maintains Draghi
He urges critics to give measures time to produce their effect, adding "if there were also structural reforms, the effect of these policies would be quicker"
Frankfurt
EUROPEAN Central Bank (ECB) president Mario Draghi has called for critics of his central bank policy to give the unprecedented stimulus measures time to work, and urged governments to help.
"Our policies work, they are effective - just give them time," the ECB head told reporters in Frankfurt on Thursday after policymakers kept interest rates unchanged at record lows and maintained asset purchases at 80 billion euros (S$122 billion) a month. "If there were also structural reforms, the effect of these policies would be quicker."
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