FRANKFURT (Reuters) - The European Central Bank left its economic growth and inflation forecasts largely unchanged on Thursday, predicting that price growth would raise slowly but again miss its target of close to 2 percent in 2019.
BAGHDAD (AP) — Iraq's parliament speaker says an airstrike targeting the Islamic State-held town of Qaim near the Syrian border killed and wounded "dozens" of civilians, and that he is holding the Iraqi government responsible.
The European Central Bank kept interest rates steady at a policy meeting on Thursday but unexpectedly cut its asset purchases to 60 billion euros ($65 billion) per month, from the current 80 billion euros. Following are highlights of ECB President Mario Draghi's comments at a press conference after the meeting. NO UPWARD INFLATION TREND "(Inflation forecast rises) reflected to a large extent an increase in annual energy inflation while there are no signs yet of a convincing upward trend in underlying inflation." HEADLINE INFLATION "Looking ahead on the basis of current oil futures prices headline inflation rates are likely to pick up significantly further at the turn of the year, mainly owing to base effects in the annual rate of change of energy prices." GROWTH RISKS "The risks surrounding the euro area growth outlook remain tilted to the downside." STRONGER GLOBAL RECOVERY "There are indications of a somewhat stronger global recovery.