Mario Draghi

European Central Bank raises eurozone growth forecast

European Central Bank head Mario Draghi says the eurozone economy is picking up. The central bank for the 19-country eurozone on Thursday raised its growth forecast for this year to 1.5 percent from 1.0 percent, just as it prepared to start its stimulus program. "Looking ahead, we expect the economic recovery to broaden and strengthen," Draghi told reporters after the bank kept its key interest rate on hold at its monthly meeting. He said the ECB would start on Monday its 1.1 trillion euro ($1.2 trillion) bond-buying program that aims to stimulate the recovery and raise the rate of inflation from a dangerously low minus 0.3 percent. The ECB will buy 60 billion euros ($67...