FRANKFURT, April 4 European Central Bank
President Mario Draghi said on Thursday that the bank would keep
a close eye on economic data over the coming weeks to judge what
impact it would have on inflation.
"In the coming weeks, we will monitor very closely all the
incoming information on economic and monetary developments, and
assess the impact on the outlook for price stability," Draghi
told a news conference.
He was speaking after the ECB left its main rate at a record
low of 0.75 percent.
"Inflation rates have declined further as anticipated and
price developments over the medium term should remain contained.
Monetary and loan dynamics remain subdued," Draghi said,
adding that monetary policy would remain accomodative as long as
The euro zone's economic decline dragged on unabated in
March, marked by a huge drop in French business activity that
outstripped even the downturns in Spain and Italy, Markit's
Eurozone Services PMI showed earlier on Thursday.