Draghi Says ECB Action Can and Will Return Inflation to Goal
Draghi's `ECB & Its Watchers' Speech in Two Minutes
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Mario Draghi said the European Central Bank’s expanded asset purchases will succeed in pushing inflation in the euro area back toward its goal.
“We can deploy and we will deploy monetary policy in a way that can and will stabilize inflation in line with our objective,” the ECB president said at a conference in Frankfurt, three days into his 1.1 trillion-euro ($1.2 trillion) bond-buying program. “Our monetary policy is certainly supporting the recovery.”