Mario Draghi sees large toolkit as ‘standard’ in 2020
ECB president insists QE will not be tapered early in IMF lecture
Mario Draghi predicted the European Central Bank (ECB) will retain a broad set of monetary instruments in five years' time today (May 14), while insisting it would implement its existing asset purchase programme "in full".
After delivering the Michel Camdessus Central Banking Lecture in Washington, DC, Draghi was asked how the "architecture of monetary policy" would look in 2020 by outgoing IMF chief economist Olivier Blanchard.
"The set of tools of policy instruments will be largely broader
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