Willing and able to act if warranted – ECB’s Draghi

FXStreet (Mumbai) - The European Central Bank (ECB) President, in his opening comments at the press conference, said the governing council is willing and ready to act if required to achieve its mandate.

Draghi said the degree of monetary policy accommodation must be reassessed at the December meeting. He reiterated that QE program is sufficiently flexible and added that the risks to the outlook are on the downside due to the slowdown in the EMs.