FRANKFURT, Germany (AP) – European Central Bank head Mario Draghi says the eurozone’s monetary authority has “plenty of instruments” available to boost inflation that’s too low.
He added that the bank’s governing council has “the determination and the willingness and the capacity… to act and deploy these instruments.”
Draghi made the comments Friday during a question and answer session at the World Economic Forum in Davos, Switzerland.
A day earlier, the bank left its key interest rates and bond-purchase stimulus unchanged – but indicated that it would look at more stimulus at its next meeting March 10.
Annual inflation of only 0.2 percent in the 19 countries that use the euro currency is far below the bank’s goal of just under 2 percent considered best for sustainable growth and jobs.