FRANKFURT (Reuters) - The European Central Bank's President Mario Draghi said on Monday that one should look beyond a "muted" market reaction to Donald Trump's U.S. election win, which will have long-term consequences that are difficult to predict.

"I don’t think we should stop at that (muted market reaction)," Draghi told the European Parliament.

Likening Trump's victory to Britain's vote to leave the European Union, Draghi added: "Clearly, these changes have a long term impact which is very difficult to assess."

(Reporting By Francesco Canepa; Editing by Richard Balmforth)