Draghi: ECB bond buys to help boost inflation expectations

A massive programme of bond purchases by the European Central Bank will help pull inflation back up to economically healthy levels, ECB chief Mario Draghi said on Thursday.
"We believe today's monetary policy measures will contribute to boosting inflation expectations," Draghi told a news conference after the ECB said it would buy 60 billion euros of private and public sector bonds per month at least until the end of September 2016.
"Today's measures will decisively underpin the firm anchoring of medium to long-term inflation expectations. The sizeable increase in our balance sheet will further ease the monetary policy stance. These factors should strengthen demand, increase capacity utilisation and support money and credit growth, and thereby contribute to a return of inflation rates towards 2.0 percent," he added.