Draghi: ECB measures will hit inflation target

Frankfurt

MARIO Draghi said that the European Central Bank's expanded asset purchases will succeed in pushing inflation in the euro area back towards its goal.

"We can deploy and we will deploy monetary policy in a way that can and will stabilise inflation in line with our objective," the ECB president said at a conference in Frankfurt, three days into his 1.1 trillion-euro (S$1.6 trillion) bond-buying programme. "Our monetary policy is certainly supporting the recovery."