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Main » 2015 » November » 20 » Draghi: ECB will do everything to stimulate inflation
Draghi: ECB will do everything to stimulate inflation

* The region's economy needs additional stimulus measures;



* Euro falls - investors see the signals on additional measures to mitigate the monetary policy.

The European Central Bank will do everything necessary to inflation soon reached the target level of 2 per cent, it said on Friday the euro zone central bank president Mario Draghi. The single currency fell.

"If we decide that the current trajectory of our policy is not effective enough to achieve this goal, we will do everything to push inflation to the target level in the near future", - said Mr. Draghi, in his speech in Frankfurt.

Comments President stressed the concern of the bank officials that inflation in the euro area (currently 0.1 percent), due to low oil prices and weak growth continues to move away from the target level. Now officials reflect on the need to expand the program of quantitative easing in the amount of 1.1 trillion euros, or other measures, such as further reduction of interest rates on deposits. After the speech of Mario Draghi, the euro against the US dollar fell 0.6 percent to $ 1.0671 mark.

"If the balance of risks to our medium-term goal of price stability will continue to move downward, we will act, using all available tools", - said Mr. Draghi. "In particular, we believe that the asset purchase program may be adjusted in terms of size, composition and duration."

"While the basic industrial products will be supported by the depreciation of the euro, the rise in prices for basic services - currently near historic lows - will depend on the growth of nominal wages. To achieve the goal of the bank, the economy should earn at full capacity as soon as possible. "

A source

According to the materials WELTRADE

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