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Draghi Says ECB Has ‘Open Mind’ on Non-Standard Measures

European Central Bank President Mario Draghi said the central bank is considering further non-standard monetary policy tools and will deploy them if circumstances warrant.

“We will look with an open mind at these measures that are especially effective in our institutional setup and that fall within our mandate,” Draghi said today in a speech in Jerusalem. “Some of those measures may have unintended consequences. This does not mean that they should not be used, but it does mean that we need to be aware of those consequences and manage them appropriately.”