ECB to keep easy policy until inflation nears 2 percent, Draghi says

European Central Bank chief Mario Draghi said on Wednesday that eurozone monetary policy would remain accommodative for a long period and that the goal was to push ultra-low inflation back up closer to the two percent level.

“Monetary policy will remain accommodating for a long time and I can tell you that the (ECB) Governing Council is unanimous in committing itself to using the tools at its disposal to bring inflation back to just under two percent,” Draghi said in an interview on French Europe 1 radio.

“Interest rates will remain low because they can’t get much lower,” he added. [Reuters]