ECB chief: Bank could act to lower borrowing rates

Mario Draghi told a conference of investors in London the bank could intervene in markets to bring down the government borrowing rates.

Marc Ostwald, an analyst at Monument Securities, welcomed Draghi's comments that high borrowing rates could hurt the bank's efforts to control inflation. Market-watchers took that as a signal that the ECB could be more willing to intervene in markets to lower those borrowing rates - which the bank has in recent months said is not part of its mandate. (AP)