ECB Governing Council member Boštjan Vasle said “I do not see any reason for a further change in growth prospects” of Eurozone. The economy is “developing in a way which was predicted in our latest projections; at the moment things are under control, going in a direction which is not unexpected.”
He added, “we are in a situation where the business cycle is in the late phase, the economic situation is deteriorating and our monetary policy is quite stretched at the moment”. Nevertheless, “if the situation changes, there is still room to go in that direction” of more policy easing.
For now, “it’s been too short of a time to judge the impact since we adapted the package” back in September.
