Mario Draghi to Germany: ‘Just be patient’ on eurozone prices

Mario Draghi called on Germany to be calm as the ECB keeps pumping stimulus into the eurozone, saying rising inflation will eventually bring higher interest rates for savers.

“As the recovery will firm up, rates will go up as well,” the ECB president told reporters in Frankfurt yesterday after the governing council reaffirmed its intention to keep its bond-buying programme going until at least the end of the year.

Asked about German criticism of the strategy, he said: “The honest answer would be: Just be patient.”