Mario Draghi says he's ready to use unconventional instruments to fight low inflation, yet the financial world remains unconvinced

Mario Draghi says he's ready to use unconventional instruments to fight low inflation, yet the financial world remains unconvinced. Last night Draghi said we will monitor developments very closely and we will consider all instruments available. We are resolute in our determination to maintain a high degree of monetary accommodation and act swiftly if required. The Governing Council is unanimous in its commitment to using also unconventional instruments within its mandate in order to cope effectively with risks of a too prolonged period of low inflation. However, analysts were immediately sceptical, ING referred to it as The Art of Doing Nothing, while Holger Sandte, chief European analyst at Nordea said Our base case still is that the ECB is done easing and that major unconditional measures will not be taken, barring a major shock to the economy. Read more: (VIEW LINK)