The European Central Bank will ease policy again if inflation does not head back...
FILE PHOTO: Mario Draghi, President of the European Central Bank , attends a news conference in Vilnius, Lithuania June 6, 2019. REUTERS/Ints Kalnins/File Photo
The ECB has undershot its inflation target of just under 2 percent since 2013 and a slowdown in growth has raised the risk that price growth will ease further, despite years of extraordinary accommodation. He added there was still “considerable headroom” for more asset purchases and that the ECB could also adjust its guidance, cut rates and provide mitigating measures to offset any unwelcome side effects of negative rates.
He added that the ECB would use the “coming weeks” to study its options, suggesting that action from the bank may come sooner rather than later.
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