ECB Executive Board member Benoit Coeure said the central bank is “determined to act in case of adverse contingencies and also stands ready to adjust all of its instruments, as appropriate, to ensure that inflation continues to move toward the Governing Council’s inflation aim in a sustained manner”.
He said today that Eurozone economy was showing signs of “somewhat weaker growth” in Q2 and Q3. Risks are also tilted to the downside. Underlying inflation remained generally muted even though it’s seen increasing over the medium term.
