You are here

ECB is reviewing monetary toolbox without taboos: Praet

EuropeanBanking281015.jpg
The European Central Bank is reviewing its policy toolbox "without taboos" and is looking at the experiences of other central banks as it looks for ways to shore up euro zone inflation, the ECB's chief economist said on Wednesday.

[FRANKFURT] The European Central Bank is reviewing its policy toolbox "without taboos" and is looking at the experiences of other central banks as it looks for ways to shore up euro zone inflation, the ECB's chief economist said on Wednesday.

"We will reexamine the toolbox," Praet, who sits on the ECB's executive board, said at an event in Riga, said. "I said (to) the economics department... you work without taboos." Responding to a question about whether the ECB might expand its asset-purchase programme to include new asset classes, Praet said the ECB was looking at the experiences of the Bank of Japan, the Federal Reserve and the Bank of England.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom