ECB Executive Board Member Yves Mersch said that the economy is “certainly giving good signs of stabilization”, and “the same goes a little bit for inflation.” Current development could prompt reassessment on whether growth risks are still skewed to the downside.

However, he noted, “it will be premature to give you an answer, but we are certainly moving in the right direction, and for us central bankers, it means that we were proven right to have very accommodative monetary.”

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