ECB rates becoming more effective again - Draghi
JERUSALEM | Tue Jun 18, 2013 12:33pm BST
(Reuters) - The European Central Bank is ready to act to aid the euro zone economy if needed, while signs of market stabilisation mean interest rates are becoming a more effective tool again, ECB chief Mario Draghi said on Tuesday.
Speaking in Jerusalem at a farewell conference for Bank of Israel Governor Stanley Fischer, Draghi said there were numerous measures the ECB could and would deploy if needed, and that it was ready to tackle any unintended consequences.