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- European Central Bank President Mario Draghi; the central bank is ready to expand its stimulus measures if there will be a risk to its medium-term inflation target
European Central Bank President Mario Draghi; the central bank is ready to expand its stimulus measures if there will be a risk to its medium-term inflation target
European Central Bank (ECB) President Mario Draghi said in an interview with the Italian newspaper the Italian daily Il Sole 24 Ore published on Saturday that the central bank is ready to expand its stimulus measures if there will be a risk to its medium-term inflation target.
"If we are convinced that our medium-term inflation target is at risk, we will take the necessary actions," he said.
Draghi noted that the inflation in the Eurozone is likely to remain close to zero until the beginning of next year.
The ECB president pointed out that there are risks to the Eurozone's growth from the slowdown in emerging economies.
"Global growth forecasts have been revised downwards. This slowdown is probably not temporary," Draghi said.
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