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Draghi: Stimulus could be scaled back if economy improves

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Frankfurt — European Central Bank head Mario Draghi signalled the bank could trim back its stimulus efforts if the economy keeps strengthening, but said that any such move would be gradual and cautious.

Draghi's said in a speech Tuesday at an ECB conference in Sintra, Portugal, that "a considerable degree" of stimulus support was still needed and that "we need persistence in our monetary policy."

But he said that the bank's level of stimulus will be adjusted as the economy improves but would remain supporting of the economy, or "accommodative," as Draghi put it

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