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ECB's Draghi says 'no doubt' the bank would use additional measures, if needed

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Córdoba) - There is no particular limit to how European Central Bank can deploy policy tools, said President, Mario Draghi on Friday a day after the bank decided to adjust its bond buying program.

    Draghi said there is “no doubt” the ECB would use additional measures, if needed. Regarding yesterday’s decision, Draghi said they considered the package “as the right one” and it was never meant to address market expectations.

    Among other remarks, ECB President said that that thanks to the bank’s policies, risk of deflation was “firmly off the table” and those policies are gradually translating into inflation.

    He was speaking at Economics Club of New York Event.
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