Draghi says European Central Bank will embark on purchase of asset-backed securities, with details to be announced in October.

To fight deflation, European Central Bank became first major central bank to charge, rather than pay, banks for parking cash with it.

To fight deflation, European Central Bank became first major central bank to charge, rather than pay, banks for parking cash with it.

President Mario Draghi says central bank is 'willing and ready to act' but will wait till March to decide about further cuts to interbank rates.

President Mario Draghi says central bank is 'willing and ready to act' but will wait till March to decide about further cuts to interbank rates.

Eurozone inflation has been below ECB targets for nine months; analysts speculate ECB might further cut record-low interest rates.

Eurozone inflation has been below ECB targets for nine months; analysts speculate ECB might further cut record-low interest rates.

Germany's Federal Constitutional Court is reviewing European Central Bank programs to buy bonds from countries in crisis.