Draghi says no unanimity needed for QE, big bond buys

Warns inflation may drop lower yet due to weak energy prices

(ANSA) - Frankfurt, December 4 - European Central Bank President Mario Draghi said Thursday that the institution "does not need unanimity" to commit to "quantitative easing or a massive purchase of securities". The comment seems a direct reprimand of German officials who are strongly opposed to QE and sovereign-bond purchases. Draghi disappointed markets by saying that no action would be taken until the new year. But he said the ECB would act to combat low inflation that could drop lower still due to weak oil prices.


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