ECB needs help from other policy areas as 'lower bound' looms

FRANKFURT (Reuters) - The European Central Bank's monetary stimulus needs to be complemented by action in other policy areas as the ECB is already operating near a "lower bound" where interest rates cannot be cut any farther, bank president Mario Draghi said on Wednesday.

Calling for more academic research into the interplay between policies, Mario Draghi said: "To my mind it is increasingly evident that, when we operate near the lower bound, such interactions are heightened."

(Reporting By Francesco Canepa)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Russia jails man for 23 years for spying for Poland
• Social media firms urge caution on early Australia under-16 ban data
• Explainer-Why is North Korea ramping up criticism of Japan?