The European Central Bank maintained interest rates at a record low of 0.5% and discussed a variety of policy options if the economy doesn't improve. President Mario Draghi said other options, such as initiatives intended to bolster the asset-backed securities market, are "on the shelf". "There was a common assessment that the changes that have taken place are not sufficiently one-directional as to grant action now," Draghi said. "Having said that, as I said before, we stand ready to act."

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