The European Central Bank (ECB) President Mario Draghi said in a speech on Monday that the central bank will review its asset-buying programme at its March monetary policy meeting and will add further stimulus measures if needed.

He pointed out that downside risks were increased and inflation in the Eurozone is weaker than expected in December.

"Downside risks have increased again amid heightened uncertainty about emerging market economies' growth prospects, volatility in financial and commodity markets, and geopolitical risks. Inflation dynamics are also tangibly weaker than we expected in December," the ECB president noted.