Have determination, willingness, capacity to use tools – ECB’s Draghi

FXStreet (Mumbai) - Additional headlines from ECB Chief Draghi as he participates in discussion with Lionel Barber at the World Economic Forum, in Davos:

We have plenty of instruments in ecb tool box

Have determination, willingness, capacity to use tools

Convergence of inflation path to target key for 2016

ECB policy could be buying politicians time to act, but not up to central bank to think about this when taking decisions

First obligation of all central bankers is to act based on their mandate

Less optimistic on inflation mostly due to oil prices but also downward revisions of growth in emerging markets

Drivers of European recovery are monetary policy, also oil prices, neutral fiscal policy