The European Central Bank has room to ease policy further if needed and should l...
FILE PHOTO: Governor of the Central Bank of Ireland Philip Lane speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne/File Photo
With growth and inflation slowing for much of this year, the ECB has already said that it may need to provide more stimulus, possibly through rate cuts and more asset purchases. “Our assessment is that policy package has been effective and further easing can be provided if required to deliver our mandate,” Lane told a conference in Helsinki. “The effectiveness of the policy toolkit means that we can add further monetary accommodation.”
Lane also said that it was essential for the ECB to demonstrate its commitment to its mandate, which is to keep inflation at close to but below 2 percent, a mark it has undershot since 2013.
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