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Draghi Says Officials Debate QE to Fight Deflation Risk

Mario Draghi said the European Central Bank is ready to move deeper into uncharted territory in the fight against deflation, with policy makers debating what form of quantitative easing they might need to use.

“There was a discussion about QE, it wasn’t neglected,” the ECB president said at a press conference in Frankfurt today after keeping the benchmark interest rate unchanged at a record-low 0.25 percent. “There are obviously different preferences about which QE would be more effective. We will continue working on that in the coming weeks.”