The European Central Bank's (ECB) vice president said another large bond-buying program could be an option if inflation in the region doesn't reach its intended target.
The central bank has been a key player mainly since the sovereign debt crisis of 2011. Since then, the ECB has announced a series of measures to boost inflation and ensure price stability — its core aim. These included rate cuts, purchases of corporate and government bonds, and cheaper loans to banks. In the second half of 2018, the ECB decided to lift some of this stimulus amid a recovery in the region.
FMario Draghi , president of the European Central Bank speaks flanked by Luis de Guindos, vice president of the European Central Bank , and Christine Graeff, director general for communications to the media following a meeting of the ECB Governing Council at ECB headquarters of March 7, 2019 in Frankfurt, Germany.
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