ECB’s Draghi: Will do whatever necessary to keep inflation target on course

By FXStreet FXStreet (Bali) – Reuters reports comments from ECB Chief Mario Draghi, via an interview with Il Sole 24 Ore, saying that the ECB will do what is needed to keep inflation target on course.

“If we are convinced our medium-term inflation target is at risk, we will take all the actions necessary. We will see if further stimulus is needed. The question is open”, Draghi said.

Draghi added: “Starting from the middle of next year and through all 2017, thanks also to the delayed effect of exchange rate depreciation, we expect inflation to gradually increase.”

Draghi reiterated that “it is too early to say” what additional policy tools may be deployed to combat low inflation, if any, also noting that whether or not a cut in the deposit rate is considered, coupled with an expansion of the ECB’s quantitative easing program, it was “premature to make this evaluation”.
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Source:: FX Street