ECB ready to act if inflation outlook changes materially

August 25, 2015 10:50 AM

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MANNHEIM, Germany Aug 25 The European Central Bank is confident that its asset purchases will lift inflation back to its target but stands ready to take additional measures in case of a material change in the inflation outlook, the bank's vice president said on Monday.

"I am confident that full implementation of the private and public sector asset purchase programmes, as announced, will lead to a sustained return of inflation rates towards levels consistent with our definition of price stability," Vitor Constancio told a conference.

Also read: ECB Leaves Stimulus Unchanged as Decision Deadline for QE Looms

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