European Central Bank (ECB) President Mario Draghi said on Friday that the central bank is ready to adjust "the size, composition and duration of the asset-purchase program", adding that the central bank is closely monitoring all relevant incoming information.

He also said that the slowdown in in emerging economies is a risk to the Eurozone's economy.

"Developments surrounding the slower growth in emerging-market economies are posing renewed risks to the euro-area outlook," Draghi said.