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Draghi raises QE hopes again
http://www.telegraph.co.uk/finance/economics/11120631/Draghi-raises-QE-hopes-again.html
European Central Bank chief says he is ready to use full range of its tools to combat weak growth and low inflation
Draghi raises QE hopes again
By Mehreen Khan
11:00AM BST 25 Sep 2014
The European Central Bank is ready to use a bigger bazooka to jump start growth and inflation in the euro-area should its existing measures fail to have an effect, said Mario Draghi.
Reiterating his commitment to use "additional unconventional instruments", Mr Draghi said the ECB would also consider altering "the size or composition of our unconventional interventions should it become necessary".
Prices in the euro-area grew by only 0.4pc in August, raising fears that Europe is slipping towards a deflation trap experienced by Japan since the 1980s.
Earlier this month, the ECB cut interest rates to record lows and announced it would be buying private assets in a form of "quantitative easing lite" but has so far stayed away from conventional government bond-buying.
