His comments contrast with the stance he adopted in a speech in Portugal last month, when he highlighted a "strengthening and broadening recovery" and said reflationary forces could allow "adjusting the parameters" of stimulus.
Investors are keen to gauge the outlook of policymakers, looking in particular for any discussion of possible tapering of the quantitative easing program.
"If anything, I think the European Central Bank will be at pains to say this week nothing has changed and actually effectively message to markets that they shouldn't get ahead of themselves in anticipating a tightening of conditions", said Mark Dowding, a portfolio manager at BlueBay Asset Management.
'Why is the euro rallying when the European Central Bank is dovish?
In economic news, the euro area's current account surplus rose sharply in May to reach €30.1bn, versus a revised reading of €23.5bn for the previous month, as the deficit on the secondary income balance shrank from €18.6bn to €10.7bn.
Aberdeen Asset Management senior investment manager Patrick O'Donnell says Draghi stressed financial conditions were supportive of high inflation, effectively endorsing the rise in bond yields and the appreciation in the euro.
On one hand, Mr. Draghi seemed to be stating the obvious.
When will tapering be announced? Draghi today tried to give the European Central Bank, financial markets and the European Central Bank watchers some quiet summer weeks to reflect and digest'.
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That's out of concern that early talk about a stimulus exit could send market interest rates and the euro higher - prematurely blunting the effect of the bank's 60 billion euros ($69 billion) in monthly bond purchases.
The ECB's Governing Council members had not been expected to decide on any change in policy or guidance.
"Headline inflation is dampened by the weakness in energy prices", Draghi said in his introductory statement to the post-decision press conference. Several analysts however think Draghi won't go even that far.
Analysts, however, said the central bank would likely delay significant details on its plans to taper its asset-purchase program until September.
But markets have begun the day on the front foot ahead of today's meeting.
As of 12:30 BST, the Stoxx 600 was edging 0.11% higher or by 0.43 points to 385.98, alongside gains of 0.51% or 63.22 points to 12,514.80 for the German Dax and a 0.25% or 12.90 point rise in the Cac-40 to 5,229.00.
U.S. stocks opened higher today, continuing their record run.
The other main FX mover was the Australian dollar as it set a new two-year high, still heady from an upbeat Reserve Bank of Australia earlier in the week.
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