Draghi: ECB ready to adjust all instruments

President of the European Central Bank Mario Draghi reiterated on Monday that the central bank is prepared to adjust all available instruments to ensure inflation gets closer to its goal.

Speaking at a hearing before the Committee on Economic and Monetary Affairs (ECON), he commented that the “longer the weakness in manufacturing persists, the greater is the risk that other sectors of the economy will be affected by the slowdown.”

He also admitted that the Euro area growth momentum has slowed markedly, more than they previously anticipated.

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