ECB will continue to stimulate euro zone, Draghi tells IMF

European Central Bank will use ‘all instruments’ within mandate to support growth

Mario Draghi, president of the European Central Bank (ECB). Photographer: Krisztian Bocsi/Bloomberg
Mario Draghi, president of the European Central Bank (ECB). Photographer: Krisztian Bocsi/Bloomberg

The European Central Bank will do its part to support euro zone growth by continuing its stimulus policy of ultra-low interest rates and bond purchases, ECB President Mario Draghi said on Friday.

"We will preserve the very substantial amount of monetary support that is necessary to secure a return of inflation rates towards levels that are below, but close to, 2 per cent without undue delay," Draghi told an International Monetary Fund committee in Washington.

“If warranted, we will act by using all the instruments available within our mandate,” he added.

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