"We Have Plenty Of Monetary Policy Instruments If Needed", Draghi Tells MEPs

The European Central Bank has plenty of monetary policy instruments, and the leeway to use them if needed, ECB President Mario Draghi told economic and monetary affairs MEPs on Monday. The ECB’s assets purchase programme is flexible enough to adapt to changing economies and markets, he replied to comments that it may soon run out of room to manoeuvre.Mr Draghi had already warned that the ECB Board would probably reconsider its monetary policy stance in March due to the weaker inflation outlook.