Dr. Lorenz Weimann
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At present, however, the ECB is also playing its part in fueling such expectations. At the November 6 press conference, for example, ECB President Draghi stated that the measures most recently adopted by the ECB are also a reaction to the prospect of low inflation. If, as a result of declining commodity prices, inflation forecasts are now being scaled back again and deviations from the 2% mark are widening still further, it is simply logical to expect the ECB to take additional expansionary measures.