ECB Ready to Move

Draghi says European Central Bank is ready to add new stimulus amid decreased inflation expectations.

Mario Draghi said inflation expectations have deteriorated across the euro area and signaled policy makers are ready to add fresh monetary stimulus.

In his strongest indication yet that officials aren’t finished with measures to stave off a Japan-style stagnation, the European Central Bank (ECB) president told his international counterparts in Jackson Hole, Wyoming, today that investor bets on euro-area inflation have “exhibited significant declines at all horizons” in August.

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