According to a report from Jin Shi Data, ECB Vice President Luis de Guindos stated that the European Central Bank has learned lessons from its aggressive money printing policy and will focus more on the side effects of loose monetary policy in the future. The ECB is reassessing its long-term strategy and policy toolset, including large-scale bond purchases and negative interest rate policies. De Guindos noted that the 'all tools' used in the past will still be retained, but he and his colleagues are now more aware of the drawbacks of these tools. He added that another lesson is that 'sometimes it is easier to activate tools than to exit them.'