ECB policymakers have said there is limited room to cut rates further as taking them to zero pe rcent could actually reduce the effectiveness of monetary policy.
Economic recovery may set in from next year, European Central Bank President Jean Claude Trichet said this week.
The ECB cut Harden 1 rates to an all time low of 1.5 per cent earlier this month, and analysts and traders expect it to reduce rates to one percent or lower by the middle of the Adidas Energy Boost 2 Colours
Asked whether the ECB could follow its US and UK counterparts in directly buying assets, for example bonds, to boost the economy, Trichet said: "We are considering at the moment whether it is appropriate to take complementary measures which would not necessarily be identical with those that our colleagues have taken."
Trichet said the bank had cut rates in an extremely rapid and significant manner because inflationary pressures were declining, and had not decided whether the current rates were the lowest possible.
The recovery of the spiralling economy will comence inside the next 15 months, it was stated this week, with business leaders relieved that at last a date has been set for the turnaround.
political will to finish the costly rescue of its shattered banking system.
"The year 2009 will be very, very difficult," Trichet told Europe 1 radio. "At the same time, there is quite general agreement between all public and private institutions that 2010 may be the year of moderate recovery in growth."
zero in a bid to stimulate their struggling economies.
"We remain vigilant and in the monetary sphere as in the budgetary sphere what is important is to take bold decisions immediately where necessary and at the same time to reassure and inspire confidence on our capacity to maintain price stability in the medium and long term," he said.
Central banks in the United States, Japan, Britain and Switzerland have cut official rates close to Nmd Human Race Release
Federal Reserve Chairman Ben Bernanke said this week the United States could start recovering next year if there was Nmd Human Race Pink
Bank chiefs put a date on the start of the turnaround
Bank of England governor Mervyn King said on Tuesday that the world top economic powers urgently needed to commit to more stimulus and fix their banking systems in order to combat the worst downturn in a generation.
Ahead of a meeting of of 20 leaders on April 2, US policymakers have urged Europe to do more to boost its economy on the fiscal front.
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