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‘There Cannot Be a Limit’ to Stimulus, Says ECB President Mario Draghi
European Central Bank will step up efforts to support economy, says Mario Draghi
by AFP
Telegraph.co.uk
Mario Draghi has said the European Central Bank would intensify efforts to support the eurozone economy and boost inflation toward its 2pc goal if necessary.
Speaking a day after the ECB’s moves to expand stimulus fell short of market expectations, the central bank president said that he was confident of returning to that level of inflation “without undue delay”.
“But there is no doubt that if we had to intensify the use of our instruments to ensure that we achieve our price stability mandate, we would,” he said in a speech to the Economic Club of New York.
“There cannot be any limit to how far we are willing to deploy our instruments, within our mandate, and to achieve our mandate,” he said.
Continue Reading at Telegraph.co.uk…
Source: http://financialsurvivalnetwork.com/2015/12/there-cannot-be-a-limit-to-stimulus-says-ecb-president-mario-draghi/?utm_source=rss&utm_medium=rss&utm_campaign=there-cannot-be-a-limit-to-stimulus-says-ecb-president-mario-draghi
