Draghi stresses 'willingness to act' as ECB cuts inflation forecasts

ECB president stresses QE could run beyond September 2016

draghi-ecb2
Mario Draghi

European Central Bank (ECB) president Mario Draghi has warned eurozone inflation will "remain very low in the near term", as the governing council kept policy on hold at its September meeting.

The ECB will continue to buy €60 billion ($67 billion) worth of assets each month between now and September 2016, but president Draghi stressed the programme could run "beyond, if necessary".

His comments sent the euro tumbling. It fell by 1% against the US dollar after his opening statement at the

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