European Central Bank President Mario Draghi said Wednesday that the bank’s policy will remain prudent despite it being more confident on the future path of inflation.

“We currently see inflation converging towards our aim over the medium term, and we are more confident than in the past this convergence will come to pass,” Draghi said at an event in Frankfurt.

“But we still need to see further evidence that inflation dynamics are moving in the right direction. So monetary policy will remain patient, persistent and prudent.”

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