Draghi recognizes the need for ECB's action

Source: Bloomberg
The president of the European Central Bank Mario Draghi announced yesterday that the ECB remains determined in its plans to reach its goal of 2% inflation. He remarked that more active management of ECB's balance sheet is necessary, as unemployment is still high and credit growth is weak, hindering the upturn of the economies. Draghi's planned asset-purchase program is set to increase the balance sheet by 1 trillion Euros. 
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