ECB will 'do what we must' to lift inflation: Draghi

The European Central Bank will 'do what we must' to lift inflation, says Mario DraghiECB chief Mario Draghi said Friday the bank will “do what we must” to lift inflation as quickly as possible, in a new sign it could boost its anti-deflation defences. In a speech at the Frankfurt European Banking Congress, Draghi warned that inflation was stubbornly way below the target of close to 2 percent even though the bank has deployed a 1.1 trillion euros ($1.2 trillion) scheme to help lift consumer prices. The quantitative easing programme to buy sovereign bonds at a rate of 60 billion euros a month runs until at least September 2016, but inflation came in at zero in October.

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