Monetary policy should remain highly accommodative - Draghi

The president of the European Central Bank (ECB) Mario Draghi said the monetary policy should be highly accommodative for a long time. He added that ECB will monitor the side effects of negative interest rates. "The latest data and forward-looking indicators - such as new orders in the manufacturing industry - do not show convincing signs of a recovery in growth in the near future, and the balance of risk for growth outlook remains negative," said the ECB president.

(PAP)