European Central Bank Vice President Vítor Constâncio reiterated the central bank will continue to exert all possible means within its jurisdiction to reach 2% inflation goal.

Constâncio said the ECB is endeavoring to close the negative output space which has pressured the inflation negatively.

The policymaker added World Bank and the International Monetary Fund, in their next meetings, will focus on the perils to the financial stability and global economy.

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