The Organization for Economic Cooperation and Development (OECD) said European Central Banks should take into consideration both adding to stimulus and keeping interest rate low for long period to enhance economic recovery and maintain price stability If the crisis were to re-intensify.

The announcement came amid talks from European officials of unwinding non-standard measures after tensions in financial markets have eased and signs of stabilization emerged.

OECD added while the effect of recent ECB measures is still unfolding, the outlook for growth is unusually uncertain and depends critically on the resolution of the sovereign debt crisis. Also, it reiterated growth forecasts estimated in November at 0.2% in 2012 and 1.4% next year.