President of the European Central Bank Mario Draghi poses for photographers prior to a news conference in Frankfurt, Germany, Thursday, March 9, 2017, following a meeting of the ECB governing council. (AP Photo/Michael Probst)
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The European Central Bank thinks the balance of risks facing the 19-country eurozone has shifted away from its own homegrown and drawn-out economic difficulties to the international arena.Draghi was speaking after the bank opted against any change to its stimulus programs even though economic growth across eurozone appears to be picking up steam and inflation has risen to the bank's targets.In light of the near-doubling in headline inflation in the past few months, the ECB, which is the chief monetary authority for the 19 countries that use the euro currency, sharply raised its inflation projection for this year, to 1.7 percent from 1.3 percent previously.Draghi was speaking after the bank kept its bond purchases from banks unchanged at 80 billion euros ($85 billion) this month and 60 billion euros per month through the end of the year.
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