European Central Bank President Mario Draghi said on Monday about the risks that hopes for an ultra

European Central Bank President Mario Draghi said on Monday about the risks that hopes for an ultra-low inflation in the euro area is dominated by consumers and businesses postpone su flanker purchases, the latest indication that the ECB is ready to take further measures against the slowdown. Comments Draghi hinted in Portugal, on the ECB will not hold too little inflation is too long. "We must be particularly vigilant with respect to a negative spiral of low inflation, a decline in inflation expectations and credit" - Draghi said. "There is a risk that deflationary expectations will prevail," they make households and firms to delay purchases and investments as "a classic deflationary cycle," said Draghi. Draghi said after the ECB meeting on May 8 that officials may well take steps at its meeting on June 5. Other members of the ECB hold similar opinions, which makes lowering interest rates almost a done deal in terms of financial markets. Euro really euro weakened in recent weeks on expectations of new stimulus ECB. Annual inflation was 0.7% in April, well below the ECB's target level slightly less than 2% in the medium term. In addition to using the traditional tools of interest rate options include new long-term ECB loans to banks and the purchase of asset-backed securities, Draghi said on Monday, as well as asset purchases, if inflation su flanker expectations fall significantly.