ECB's Draghi: Worsening of medium-term inflation would be context for QE - comments from Dutch banking conference
- ECB unanimously committed to using unconventional and conventional policy instruments to deal with risk of a period of too prolonged low inflation
- Undue tightening of policy stance could be addressed with lowering of rate corridor including a negative deposit rate
- Impairments of policy transmissions could be addressed with targeted LTROs or ABS purchase programs
- ECB cannot make policy in favor of subsets of EU nations
- Rising euro reflects return of confidence in region
- FX rate increasingly important for policy
- Lower long term interest rates could boost inflation {http://www.ecb.europa.eu/press/key/date/2014/html/sp140424.en.html }
**Note: Comments in line with Draghi post rate decision press conference earlier in April