ECB will do its part to support euro zone growth, Draghi tells IMF

[October 07, 2016]  FRANKFURT (Reuters) - The European Central Bank will do its part to support euro zone growth by continuing its stimulus policy of ultra-low interest rates and bond purchases, ECB President Mario Draghi said on Friday.

European Central Bank (ECB) President Mario Draghi attends a meeting with German lawmakers in Berlin, Germany, September 28, 2016. REUTERS/Axel Schmidt
 

"We will preserve the very substantial amount of monetary support that is necessary to secure a return of inflation rates towards levels that are below, but close to, 2 percent without undue delay," Draghi told an International Monetary Fund committee in Washington.

"If warranted, we will act by using all the instruments available within our mandate," Draghi added.

"The ECB will continue to play its part by delivering on its mandate," he concluded.

(Reporting by Francesco Canepa; Editing by Alison Williams)

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