ECB needs help from other policy areas as 'lower bound' looms



The European Central Bank's monetary stimulus needs to be complemented by action in other policy areas as the ECB is already operating near a "lower bound" where interest rates cannot be cut any farther, bank president Mario Draghi said on Wednesday.
Calling for more academic research into the interplay between policies, Mario Draghi said: "To my mind it is increasingly evident that, when we operate near the lower bound, such interactions are heightened."
(Reporting By Francesco Canepa)
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28 September 2016 in Business, Views: 37
Source: Reuters
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