OECD joins calls for eurozone QE

oecd-headquarters

The Organisation for Economic Cooperation and Development (OECD) has called on the European Central Bank (ECB) to employ non-conventional monetary policy tools if "deflationary pressures were to strengthen" in the single-currency area – adding its voice to calls for the central bank to embark on a programme of quantitative easing.

The OECD report says the ECB should consider "institutional changes" to enable it to use unconventional measures that "could include purchases, on a non-discriminatory

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