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ECB says now up to governments to act after QE

Thursday, January 22, 2015 - 23:15
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European Central Bank chief Mario Draghi said on Thursday the ball was now in the court of governments to stop the eurozone from sliding into deflation after the ECB rolled out its biggest anti-crisis measure yet.

[FRANKFURT] European Central Bank chief Mario Draghi said on Thursday the ball was now in the court of governments to stop the eurozone from sliding into deflation after the ECB rolled out its biggest anti-crisis measure yet.

"It is now up to the governments and the EU Commission to act," Mr Draghi said after the ECB unveiled a massive bond purchase programme.

"Monetary policy can create the basis for growth, but for growth to pick up, investment is needed," he said.

AFP