ECB's Trichet Says Now Is Not The Time To Exit Non-standard Measures

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Friday, European Central Bank President Jean-Claude Trichet said the bank would withdraw stimulus measures at an appropriate time.

"Now is not the time to exit. But I would like to make it clear that the ECB has an exit strategy, and we stand ready to put it into action when the appropriate time comes," Trichet said at ECB Watchers Conference in Frankfurt.

He reinforced that it would be premature to declare that the crisis is over.

Trichet noted that the ECB's non-standard measures, introduced to address the financial crisis, were designed with exit considerations in mind.

"Given their exceptional nature, these measures will have to be unwound once conditions return to normal. Of course, we designed technically the measures with their exit in mind," he said.

Friday, European Central Bank President Jean-Claude Trichet said the bank would withdraw stimulus measures at an appropriate time. (Market News Provided by RTTNews)