European Central Bank President Mario Draghi: inflation in the Eurozone will reach 2% target "without undue delay"

Market news

14 December 2015

European Central Bank President Mario Draghi: inflation in the Eurozone will reach 2% target "without undue delay"

The European Central Bank (ECB) President Mario Draghi said in a speech on Monday that inflation in the Eurozone will reach 2% target "without undue delay".

"After the recalculation of our tools carried out by the Governing Council earlier this month, we expect inflation to reach our target without undue delay," he said.

Draghi added that there are no restrictions in usage of tolls to boost inflation toward 2% target.

The ECB president pointed out that the central bank is ready to add further stimulus measures to reach 2% inflation target if needed.

European Central Bank Chief Economist Peter Praet: the ECB is ready to face the Fed’s interest rate hike

Foreign exchange market. European session: the euro traded higher against the U.S. dollar on comments by the European Central Bank President Mario Draghi

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