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Eurozone inflation outlook worsening: ECB’s Draghi

SABC News Mario Draghi AFP - Eurozone inflation outlook worsening: ECB’s Draghi

ECB chief Mario Draghi warned Thursday that the outlook for inflation in the single currency bloc is worsening, as the bank signaled its readiness to unleash a new package of stimulus to boost the economy.

“Inflationary pressures remain muted and indicators of inflation expectations have declined. Therefore, a significant degree of monetary stimulus continues to be necessary,” the head of the European Central Bank told a news conference.

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