ECB’s Draghi cautions over Ukraine impact

By David McHugh

Published August 7, 2014 3:33pm ET

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ECB’s Draghi cautions over Ukraine impact — Head of the European Central Bank, ECB, Mario Draghi attends a news conference in Frankfurt, Germany, Thursday, Aug. 7, 2014. Draghi says the bank will "closely monitor" the possible repercussions of "geopolitical risks" on the modest economic recovery in the 18-country eurozone. He spoke Thursday after the bank left its key interest rate unchanged at a record low 0.15 percent. It also held off from announcing further stimulus measures to boost the recovery. (AP Photo/dpa, Boris Roessler) | Boris Roessler

FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi cautioned Thursday that the crisis in Ukraine could weigh on the fragile economic recovery in the 18-country eurozone — but gave little sign the bank was so alarmed it was ready to deploy new stimulus measures.

Speaking after the bank kept its main interest rate on hold at the record low of 0.15 percent, Draghi said the bank will “closely monitor” the possible repercussions of “geopolitical risks” on the recovery.

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