ECB Governing Council member Ignazio Visco said “the euro’s recent strengthening is worrying us because it generates further downward pressures on prices at a time when inflation is already low.”
“The monetary policy implications are obvious: if the downward pressures jeopardise our price stability objective, we’ll have to intervene,” he added. “If, however, opposite effects were to emerge, the measures we’ve already taken could suffice.”
