The European Central Bank will consider quantitative easing among other measures to avoid a long period of low inflation, its president has confirmed.
Speaking on Thursday after the bank left interest rates at 0.25%, Mario Draghi said the governing council has a unanimous commitment to using unconventional as well as traditional monetary instruments. He told reporters: "All instruments that fall within the mandate, including QE, are intended to be part of this statement. During the discussion we had today, there was indeed a discussion of QE. It was not neglected." But the ECB failed to respond to calls from the International Monetary Fund and other bodies for immediate action. Inflation fell to 0.5% in March, the lowest since th...
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