BRUSSELS, March 3 Inflation expectations in the
euro zone remain firmly anchored in line with the European
Central Bank's definition of price stability, ECB President
Mario Draghi said on Monday.
Speaking to European lawmakers in Brussels, Draghi also said
that the euro area is "clearly moving in the right direction -
the glass is at least half-full."
Draghi stressed the ECB's commitment to delivering on its
price stability mandate.
"Our credible commitment to these core elements is reflected
in medium to longer-term inflation expectations remaining firmly
anchored in line with the Governing Council's aim of keeping
inflation rates below, but close to, 2 percent over the medium
term," he told the European Parliament's Committee on Economic
and Monetary Affairs.
The ECB holds its March policy meeting on Thursday and 26 of
78 economists polled by Reuters last week have pencilled in a
cut in the refinancing rate from the current 0.25 percent.
(Reporting by Eva Taylor and Paul Carrel Editing by Jeremy