We are, however, monitoring  6  BIS central bankers’ speeches  developments very closely and are potentially prepared to take further measures in order to cope effectively with risks of a too-prolonged period of low inflation.
Consideration should also be given to the fact that all the monetary policy measures that are currently on the table would set us on a course into uncharted waters. This raises questions as to the effectiveness of such measures and to the risks and side-effects they might entail.