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ECB to keep easy policy until inflation nears 2%: Draghi

Says euro zone monetary policy would remain accommodative for a long period

Reuters Paris

European Central Bank chief Mario Draghi said on Wednesday that euro zone monetary policy would remain accommodative for a long period and that the goal was to push ultra-low inflation back up closer to the 2% level.

"Monetary policy will remain accommodating for a long time and I can tell you that the (ECB) Governing Council is unanimous in committing itself to using the tools at its disposal to bring inflation back to just under 2%," Draghi said in an interview on French Europe 1 radio.

"Interest rates will remain low because they can't get much lower," he added.

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First Published: Sep 24 2014 | 12:11 PM IST

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