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This is a discussion on EUR News within the Analytics and News forums, part of the Trading Forum category; The outgoing European Central Bank President Mario Draghi on Thursday stressed the need for a more active fiscal policy in ...

      
   
  1. #551
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    ECB's Draghi Urges More Fiscal Policy Support To See Higher Rates

    The outgoing European Central Bank President Mario Draghi on Thursday stressed the need for a more active fiscal policy in the euro area to help create a conducive environment to raise interest rates in future. In his final post-decision press conference, Draghi said, "If one wants to see higher rates sooner, fiscal policy should be active."

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    Eurozone Retail Sales Rise For Second Month

    Eurozone retail sales increased for the second straight month in September, suggesting that household spending has contributed positively to economic growth in the third quarter. Elsewhere, survey results from IHS Markit showed that the euro area private sector expanded slightly more than initially estimated in October, but remained close to stagnation.

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