Draghi stresses willingness to act as ECB cuts inflation forecasts

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Mario Draghi warned eurozone inflation will "remain very low in the near term" today (September 3), as the European Central Bank (ECB) governing council kept policy on hold.

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 today's press conference

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