Further non-standard measures might be needed to improve monetary policy transmission.
This is the very important monetary policy reason for the ECB's non-standard measures.
2.09pm BST He said there is "no need to be specific" as to other non-standard measures the ECB may take.
Although the ECB's Draghi gives some hints on the possible details of future non-standard measures, the tone of his answers during the Q&A session seems to suggest that no agreement has been found among policymakers.
Such systemic stresses are beyond doubt: the European Central Bank itself has enacted a series of "non-standard" measures to help the eurozone banking system and try to prevent a credit crunch.
It was reluctant to cut its main rate below 1% and loth to buy government bonds directly.Instead it adopted its own non-standard measures.
If recovery is not in sight and deflation threatens, the clamour for more monetary stimulus will be hard to resist.Mr Trichet has said that fresh "non-standard" measures are being studied.
"The chances of the Bank having to resort to further new non-standard measures to boost the economy have therefore increased considerably in recent weeks, as rising uncertainty regarding 'Brexit' has compounded wider concerns about the outlook for domestic and overseas demand".
Jozef Makuch, the governor of the National Bank of Slovakia, said yesterday that quantitative easing was one option being considered, and said that there was growing support for reflationary policies: "Several policy makers are ready to adopt non-standard measures to prevent slipping into a deflationary environment".Such a change in attitudes is probably due to three factors.
"We are discussing and studying possible new non-standard measures," said Trichet, who went on to say that there was no "pre-commitment".
performs suboptimal, if not poorly in the non-standard measures IC which we had suggested for further evaluation since they convey meaning of obvious interest in function prediction.
