ECB may use quantitative easing: Draghi

The European Central Bank might start broad-based asset purchases if the inflation outlook worsens, Mario Draghi said, as he prepares the ground for one of the most radical policies in ECB history.

“The objective here would not be to defend the current stance, but rather to increase meaningfully the degree of monetary accommodation,” the ECB president said during a speech in Amsterdam yesterday.

“The Governing Council is committed — unanimously — to using both unconventional and conventional instruments to deal effectively with the risks of a too-prolonged period of low inflation.”