“Asked what tools the ECB has remaining, Mr. Liikanen, who has headed Finland’s central bank since 2004 and is on the ECB’s 24-member governing council, cited a negative deposit rate as well as additional loans to banks and asset purchases. Bundesbank President Jens Weidmann didn’t rule out large-scale asset purchases, known as quantitative easing. Mr. Liikanen also said it was an option for the ECB and wouldn’t run afoul of rules prohibiting the central bank from financing governments. The Federal Reserve and Bank of Japan have aggressively used the policy to keep inflation from falling too low.”
http://www.marketwatch.com/story/ecb-mulls-bolder-moves-to-prevent-low-inflation-2014-03-26
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