ECB chief economist Philip Lane said current monetary policy package has been “effective”. And, “the effectiveness of the policy toolkit means that we can add further monetary accommodation.” He added “further easing can be provided if required to deliver our mandate.”
He also noted “especially when inflation deviates from its objective for an extended period, central banks ‒ including the ECB ‒ should adopt clear communication strategies that leave no doubt about their absolute commitment to meeting the inflation objective over the medium term.”
