Comments from the ECB's Draghi
- Central bank’s policy will remain accommodative as long as necessary.
- The ECB will use non-standard measures if circumstances warrant.
- The ECB could further contribute to easing bank funding uncertainty by providing assurance that they could rely on refinancing operations for extended periods (the LTRO may be extended).
- Draghi doesn’t think that the ECB is materially challenged in its ability to deliver price stability by low level of interest rates.