ECB must provide 'ample' stimulus in chase of inflation target, Draghi says
Headline inflation, 1.5% in August will "temporarily" decline, driven by energy prices, before gradually picking up pace and reaching 1.5% in 2019, Draghi told a European Parliament committee.
Eurozone inflation will slow over the rest of 2017, pulling further away from the European Central Bank's target of close to but below 2% and the ECB will have to keep providing stimulus through its bond-buying programme, ECB President Mario Draghi said on Monday.
Headline inflation, 1.5% in August will "temporarily" decline, driven by energy prices, before gradually picking up pace and reaching 1.5% in 2019, Draghi told a European Parliament committee.
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