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MNI BRIEF: Draghi Sees High Inflation, Rates In EU Future

Former ECB Chief Mario Draghi can't see any return of EU monetary policies to the zero lower bound
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MNI (BRUSSELS)
Former ECB President Mario Draghi rejected ideas that future EU monetary policies would bring a return to the Zero Lower Bound at an event in Brussels Monday on his recent EU competitiveness report. 
 
"Zero Lower Bound - is it likely or not? I don't think it is likely at all. We will be living in a period of time where if anything we will have a pressure of too high deficits and too high demand and potentially higher inflation rates and higher interest rates."  
 
Draghi also told the Bruegel think tank event in Brussels that his report's recommendations for an EUR800bn per year investment plan would have to be implemented. Not improving EU productivity from its current level would only be enough to keep EU GDP constant between now and 2050 meaning there would be no money to improve welfare, defence or to boost investment.

 
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MNI (BRUSSELS)
Former ECB President Mario Draghi rejected ideas that future EU monetary policies would bring a return to the Zero Lower Bound at an event in Brussels Monday on his recent EU competitiveness report. 
 
"Zero Lower Bound - is it likely or not? I don't think it is likely at all. We will be living in a period of time where if anything we will have a pressure of too high deficits and too high demand and potentially higher inflation rates and higher interest rates."  
 
Draghi also told the Bruegel think tank event in Brussels that his report's recommendations for an EUR800bn per year investment plan would have to be implemented. Not improving EU productivity from its current level would only be enough to keep EU GDP constant between now and 2050 meaning there would be no money to improve welfare, defence or to boost investment.