The European Central Bank (ECB) is
prepared to launch the purchase of financial assets on a "large
scale" as a tool to deal with the risk of deflation, the
vice-president of the ECB said Thursday. "The ECB stands ready
to undertake a securities purchase program on a large scale to
deal with any prolonged period of low inflation," said
Constancio. His comments echoed those of ECB President Mario
Draghi earlier this month, that the central bank was preparing
to launch quantitative easing if that is judged necessary.
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