The European Central Bank is ready
to take more measures if there are fresh shocks to the eurozone
economy, ECB chief economist Peter Praet said Thursday. "If
there were to be further shocks, our measures could be
recalibrated anew in function of the intensity of the
difficulties that present themselves, taking into account the
possible side effects," he said at a conference in Frankfurt.
But he ruled out the possibility of 'helicopter money, that is
injecting cash directly into the real economy. "That is not even
on the table," he said.
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