Draghi opens door to QE as ECB holds
Governing council debates merits of QE as inflation drops to 0.5%
The European Central Bank (ECB) governing council maintained its monetary policy stance today despite evidence of further disinflation, although its members did debate the merits of quantitative easing (QE) in what Mario Draghi described as a "very rich and ample discussion".
Draghi, the ECB president, said the council was "unanimous in its commitment" to using unconventional instruments to "cope effectively with risks of a too-prolonged period of low inflation". He stressed this commitment
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