ECB hasn't ruled out "non-standard" tactics-Trichet
The European Central Bank has not ruled out cutting interest rates to a record low, or employing "non standard" tactics to fight the economic crisis President Jean-Claude Trichet said on Thursday.Analysts expect the ECB to keep rates at 2.0 percent at its policy meeting next week, but in a Reuters poll most forecast it will cut them to an all-time-low of 1.5 percent in March. Economists are also speculating on whether the ECB might adopt unconventional measures such as following the U.S. Federal Reserve's current policy of buying up debt as an alternative way to boost the economy. "I said we could engage in non-standard actions and indeed we have already done so, notably on refinancing," Trichet told France's BFM radio from the World Economic Forum in Davos. He sent a similar message earlier, telling CNN that the ECB could use new, out-of-the-ordinary measures and he didn't want to rule anything out, or indeed in.
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