February 21, 2013 / 4:56 PM / 5 years ago

Draghi does his bit with salary to fight inflation

FRANKFURT (Reuters) - It’s the European Central Bank’s job to keep euro zone inflation in check and its boss appears to be doing his bit.

European Central Bank President Mario Draghi arrives for a news conference in Moscow February 15, 2013. REUTERS/Grigory Dukor

Mario Draghi’s pay rose just 0.8 percent last year compared with what he and his predecessor as president, Jean-Claude Trichet, earned in 2011, ECB data shows.

The ECB targets inflation at below, but close to 2 percent.

Draghi is probably not hurting, however. He made 374,128 euros ($500,200) last year. On top of that, the Italian has the right to live for free at an ECB-owned residence.

Other Executive Board members also received similar pay raises, meaning their buying power decreased as prices rose 2.5 percent in the 17-country common currency bloc.

($1 = 0.7479 euros)

Reporting by Sakari Suoninen. Editing by Jeremy Gaunt.

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