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Draghi: ECB aware of risks from persistently low inflation


    SINTRA Portugal (Reuters) - European Central Bank President Mario Draghi said on Tuesday the central bank was aware of the risks from prices remaining too low for too long and the ECB had the tools to get inflation back to its target again.

    Speaking at the ECB's inaugural Forum on Central Banking, Draghi said the ECB had the tools it needed to get euro zone inflation back to the central bank's target of below, but close to 2 percent. It was at 0.7 percent in April.

    Draghi said price adjustments in certain euro zone countries were at risk of slowing and then getting entrenched.

    "We are aware of the risks of a too prolonged low inflation period," Draghi said.

    (Reporting by Eva Taylor; Editing by Paul Carrel)