Draghi says growing ECB balance sheet is last stimulus tool left

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By Stefan Riecher and Scott Hamilton
Bloomberg News
Saturday, October 11, 2014

WASHINGTON -- European Central Bank President Mario Draghi said expanding the bank's balance sheet is the last monetary tool left to revive inflation, although there is no target for how much it might be increased.

"It's very difficult for me to give you an exact figure at this time," Draghi told reporters in Washington today during the annual meeting of the International Monetary Fund. "I gave you a kind of ballpark figure -- say, about the size the balance sheet had at the start of 2012."

... For the remainder of the report:

http://www.bloomberg.com/news/2014-10-11/draghi-says-growing-ecb-balance...


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