The European Central Bank
does not rule out more quantitative easing to help banks release
credit to squeezed firms but has to be on guard against
deflation as unemployment continues to rise, ECB President Mario
Draghi said at the International Monetary Fund's spring summit.
Draghi warned against "resting on one's laurels" or
"repeating the mistakes of the past".
The ECB has launched a huge bond-buying programme to help
struggling eurozone economies back onto the growth path.
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