Draghi: ECB to intensify actions to boost inflation

NEW YORK CITY: Mario Draghi said over the weekend that the European Central Bank (ECB) would intensify efforts to support the eurozone economy and boost inflation toward its 2 percent goal if necessary.

Speaking one day after the ECB’s moves to expand stimulus fell short of market expectations, the central bank president said that he was confident of returning to that level of inflation “without undue delay.”