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Draghi Says ECB Will Do What It Must to Spur Price Gains

  • Euro drops as ECB president signals more monetary easing
  • Bundesbank's Weidmann argues oil slump has stimulative effect
Bloomberg business news

Draghi Reiterates ECB ‘Will Do What It Must’

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European Central Bank President Mario Draghi set the scene for further stimulus in two weeks’ time, saying the institution will do what’s necessary to reach its inflation goal rapidly. The euro fell.

“If we decide that the current trajectory of our policy is not sufficient to achieve that objective, we will do what we must to raise inflation as quickly as possible,” Draghi said in a speech in Frankfurt on Friday. “In making our assessment of the risks to price stability, we will not ignore the fact that inflation has already been low for some time.”