ECB's Draghi: Underlying inflation is not rising due to low wage growth

"In a presentation on the economy at a summit of the EU's 28 leaders on Friday, Draghi said the slow price growth meant that the bank's accommodative policy would stay as it is, for now, an official with knowledge of Draghi's remarks said," Reuters reported.

Key quotes (via Reuters):

• Underlying inflation is not rising because wage growth has not yet picked up
• Draghi said he expected wage growth to pick up in coming months
• Draghi said that sentiment was improving because one of the major uncertainties weighing down confidence last year was dispelled as new hope emerges about the future of the European Union, despite Britain's decision to leave