ECB's Draghi Repeats To Pledge To Extend QE If Needed

European Central Bank President Mario Draghi on Friday reiterated his pledge to act if needed to boost inflation and economic growth in the eurozone. Speaking at the International Monetary and Financial Committee meeting in Washington, the ECB boss said inflation has remained low and is still being pulled down by declines in oil prices. "If warranted, we will act by using all the instruments available within our mandate," he said. "The ECB intends to run asset purchases until the end of March 2017 or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation towards levels below, but close to, 2% over the medium term," he added.

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