ECB chief Mario Draghi slapped down fears that the bank may have exhausted its stock of weapons in battling chronically low inflation, saying a latest bout of measures announced Thursday shows it is "not short of ammunition". "It's a fairly long list of measures, each of them is very significant and devised to have the maximum impact to boosting the economy and the return to price stability," he told journalists.
"So we've shown we're not short of ammunition," he added, minutes after the bank announced it was slashing already record-low interest rates, pumping massive new sums into the banking system and, for the first time, buying corporate bonds.