FXStreet (Bali) – ECB executive board member Benoît Cœuré, crossed the wires post NY close, via Bloomberg, noting that the EU economic recovery remains subdued, adding that downside CPI risks could warrant more monetary policy steps.
Additional headlines
ECSB (European System of Central Banks) primary objective is to maintain price stability
ESC measures have restored bank lending channel
Commodity prices explain much of the CPI deviation from 2%
ECB wants medium-term CPI expectations close to 2%
ECB studying persistence of low energy price CPI impact
Downside CPI risks could warrant more monetary policy steps
(Market News Provided by FXstreet)