European Central Bank President Mario Draghi said the central bank should reach its inflation target without any delay and there were no limits to what it can implement to bolster price growth if needed.
With inflation gliding above zero, the ECB has been easing its monetary policy this year to ignite price growth, fearing any delays in attaining the inflation rate of just below 2% could dent its credibility.
Draghi justified the central bank’s latest package of measures as well, which includes slashing deposit rate and extending its asset-buying program but fell short of market projections.
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