ECB ‘determined’ to act, ‘no limit how far we can deploy’ policy

The European Central Bank is “determined” to do everything in its power to steer eurozone inflation back up towards its target and there are “no limits” as to how far it is prepared to go in that respect, its chief Mario Draghi said on Thursday.

“We have the power, willingness and determination to act. There are no limits how far we are willing to deploy our policy instruments,” Draghi told a news conference after the ECB held its key interest rates unchanged at its first policy meeting of 2016.

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