FRANKFURT: The European Central Bank has policy options even if the benchmark interest rate were to fall to zero, ECB Executive Board Member Peter Praet said. “We have enough room for measures; there is no ‘last bullet’,” Praet said when asked whether ECB would rule out any steps, such as asset purchases, to counter falling prices. “Once the main interest rate is at zero, one has to deploy quantitative measures. This doesn’t have to be a bond programme, it can also be liquidity injections for banks, but we are not at that point,” Praet said. Reuters
