ECB still sees downside risks to eurozone economy

The euro sculpture stands in front of the European Central Bank (ECB) in Frankfurt, Germany on Tuesday, June 11, 2013. ECB chief Mario Draghi warned on Thursday, Aug 1, 2013, that there are still downside risks to the outlook for the eurozone economy
The euro sculpture stands in front of the European Central Bank (ECB) in Frankfurt, Germany on Tuesday, June 11, 2013. ECB chief Mario Draghi warned on Thursday, Aug 1, 2013, that there are still downside risks to the outlook for the eurozone economy despite recent tentative signs of stabilisation. -- FILE PHOTO: AP

FRANKFURT (AFP) - European Central Bank chief Mario Draghi warned on Thursday that there are still downside risks to the outlook for the eurozone economy despite recent tentative signs of stabilisation.

And Draghi told a news conference that the ECB expects its key interest rates to remain at the current record-low levels or even lower "for an extended period of time."

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