ECB Can Still Pull Rabbits Out of the Hat, Council Member Says

“Markets say the ECB is done, their box is empty,” Vasiliauskas, who heads Lithuania’s central bank, said in an interview on Tuesday in Vilnius. “But we are magic people. Each time we take something and give to the markets -- a rabbit out of the hat.”

Under President Mario Draghi, the ECB has shown a willingness to take policy into unprecedented areas including negative interest rates, ultra-cheap long-term bank loans and a quantitative-easing program that has been both extended and expanded. Yet while the 19-nation economy has returned to growth, inflation remains absent and new risks such as a Chinese slowdown and the U.K.’s vote next month on whether to leave the European Union still have the potential to damage the recovery.