European Central Bank Executive Board member Benoit Coeure said on Sunday:
- The euro zone economy is at risk of slipping into a self-fulfilling loss of growth momentum
- Latest economic indicators and the European Commission’s downward revision of its growth forecasts and called for “forceful and consistent action” on the monetary policy front, but also for fiscal and structural measures.
- “Monetary policy cannot support growth in a long-lasting way. Only an adequate mix of reforms and investment can do it. And it is a matter of urgency.”
- “The ECB is committed to taking additional measures if we face the prospect of inflation being too low for too long.”
The material has been provided by InstaForex Company – www.instaforex.com