But the longer inflation remains low, the higher the probability of such risks emerging. That is why the ECB has been preparing additional non-standard monetary policy measures to guard against such a contingency and why it stands ready to take further decisive action if needed, Mr Draghi said.
At this juncture, allow me to repeat my point as clearly as I can: the final goal of European monetary policy is to ensure price stability. That is to say, to safeguard an inflation rate in the euro area of less than 2% per annum.