ECB: Don’t take calm markets for granted

Jörg Asmussen, an executive board member of the European Central Bank, says the effectiveness of a rate cut would be limited, warns that the calm in markets can’t be taken for granted and says the ECB is looking at unconventional monetary measures. He also discusses with FT capital markets editor Ralph Atkins the change in Japan’s monetary policy, the Cyprus bailout and lending problems to small business.