European Central Bank President Mario Dragh, in an interview with German financial daily newspaper Handelsblatt, is again making the case for more ECB action, saying that the risk of the central bank not fulfilling its mandate of preserving price stability is higher:
- “The risk that we do not fulfil our mandate of price stability is higher than six months ago”
- “We are in technical preparations to adjust the size, speed and compositions of our measures early 2015, should it become necessary to react to a too long period of low inflation. There is unanimity within the Governing Council on this”
The interview is to be published on Friday, the early report from Reuters (more at the link)
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