European Central Bank President Mario Draghi: the ECB could start to purchase a variety of assets if needed, including purchase of government bonds

Market news

8 January 2015

European Central Bank President Mario Draghi: the ECB could start to purchase a variety of assets if needed, including purchase of government bonds

The European Central Bank President Mario Draghi said in a letter to a European Parliament member, Luke Ming Flanagan, on Thursday that the central bank is ready to take unconventional measures if needed, including purchase of government bonds.

Draghi pointed out that the ECB would monitor "the risks to the outlook for price developments over the medium term".

"It will be particularly vigilant as regards the broader impact of recent oil price developments on medium-term inflation trends in the euro area," he noted.

Foreign exchange market. American session: the U.S. dollar traded mixed to lower against the most major currencies after the weaker-than-expected number of initial jobless claims from the U.S.

The Wall Street Journal reported on Thursday Coca-Cola will cut 1,600 to 1,800 jobs around the world as part of a $3 billion cost-cutting program to trim costs

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