The European Central Bank is ready to act "with all the instruments at its disposal to maintain an accommodating monetary policy," Bank of Italy Governor Ignazio Visco told CNBC Friday. The goal is to maintain price stability and inflation prospects, he said. Visco added that the current global economic conditions justify a "monetary response" and emerging countries are "slowing down more than was expected". ECB chief Mario Draghi has repeatedly said he will do whatever it takes to boost the economy, bolster the euro and meet inflation targets.
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