"ECB research finds no convincing evidence that high interest rates lead to more reforms," Draghi told a conference in Frankfurt. "In fact, the opposite is more likely to be true: lower rates tend to promote reforms, since they lead to a better macroeconomic environment."
"With monetary policy being accommodative, we now have a window of opportunity to take these measures," Draghi added. (Reporting by Francesco Canepa; Editing by Balazs Koranyi)