Draghi: Negative Rates Right Policy to Restore Economy

The video discusses economic concerns in the Eurozone, highlighting low interest rates as a symptom of weak economies with excess savings over investments. It explains that low interest rates are necessary for economic recovery and growth, and that the European Central Bank (ECB) has a mandate to ensure price stability, defined as inflation close to but below 2%. The ECB uses various instruments to achieve this mandate.

What is the mandate of the ECB as mentioned in the text?

What inflation rate does the ECB aim to achieve according to the text?