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.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.