European Central Bank President
Mario Draghi said Friday that "if we decide that the current
trajectory of our monetary policy is not sufficient to meet the
target, we will do what we must to raise inflation as soon as
possible".
He said "this is what our mandate requires for price
stability".
Draghi has recently repeatedly vowed to adjust the money
supply to avert the threat of deflation.
The ECB president assured listeners that the central bank
"will not ignore the fact that inflation has been low for a long
period" and he stressed the risk that core inflation is too low
for a recovery that is still struggling to fully take off.
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