Investing.com – Mario Draghi said Monday the ECB is ready to expand its asset-purchasing program if needed.
The ECB president told the European Parliament core inflation in the single-currency area remains subdued.
Euro-zone headline inflation jumped in December but underlying inflation was steady at 0.9%.
The ECB's inflation target is close to but below 2.0%.
“So far underlying inflation pressures remain very subdued and are expected to pick up only gradually as we go on,” Draghi said.
The ECB in December extended its QE program to end-2017 but cut monthly asset purchases to €60 bn a month.