Draghi says ECB to act quickly to raise inflation if neededStaff writer ▼ | November 23, 2015
European Central Bank (ECB) President Mario Draghi said the ECB would act quickly to raise inflation if needed.
Europe With cautious confidence
The ECB would assess the strength and persistence of the factors that are slowing the return of inflation towards 2 percent, the target level of the central bank, at its governing council meeting in December.
"If we conclude that the balance of risks to our medium-term price stability objective is skewed to the downside, we will act by using all the instruments available within our mandate," said Draghi.
According to Draghi, the euro area economy is responding to the measures as expected. "...and today we can look at our prospects with cautious confidence," he said.
He reiterated that the ECB has the tools available to provide the appropriate degree of monetary stimulus. ■