Carney: ECB has ‘tools and clarity of mandate' to hit inflation target

Mark Carney
Mark Carney

Bank of England (BoE) governor Mark Carney believes the European Central Bank (ECB) has the "tools and the clarity of mandate" to tackle low inflation in the eurozone, he told a parliamentary committee today in London.

Carney said additional stimulus "would be in accordance with the ECB's mandate" and stressed the "intention of the ECB, of president Draghi and his colleagues to fulfil their mandate is clear."

It is in our interest without question that they have stable and predictable inflation

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