ECB President Mario Draghi said he’s “certainly worried about central bank independence in other countries, especially… in the most important jurisdiction in the world’. He emphasized, “central banks ought to be left free to choose what’s the best way to comply with the mandate.”
He added: “Because if you don’t let them be free, then they’re not accountable. That’s the central banking framework since the 80s everywhere.”
On Eurozone economy, he warned that risk of hard Brexit and global trade war continued to “loom large”. But he’s still optimistic that factors weighing down Eurozone growth are waning. And there will be recovery in the second half.
