European Central Bank hints at fresh stimulus measures to boost anaemic inflation

The European Central Bank is ready to act quickly to boost anaemic inflation in the Eurozone, its president said yesterday, offering the strongest hint yet that the bank will unveil fresh stimulus measures at its December 3 meeting.

Mario Draghi highlighted changes to the ECB’s asset purchase programme and deposit rate as possible tools to stop inflation from falling further below its target of just under 2%.

Mr Draghi said the risk had increased that the ECB would miss that target.