Mario Draghi

European Central Bank still confident despite slower growth

The head of the European Central Bank says recent signs of weakening economic growth are grounds for caution but not worrisome enough yet to consider changing the bank's stimulus and interest rate policy.

Mario Draghi said Thursday that recent data points to "some moderation" in the economic growth in the 19 countries that use the euro, while still remaining "consistent with a broad-based expansion."

He said it could be that the exceptionally strong growth of last year is returning to a more normal pace and that the bank would have to study incoming data more. He noted the potential for damage from tensions over trade, which have grown since U.S....