ECB's Kazimir saw stimulus decision proves willingness to act
Reuters
Published Jun 11, 2019 07:30AM ET
ECB's Kazimir saw stimulus decision proves willingness to act
BRATISLAVA (Reuters) - The European Central Bank is still far from achieving its inflation target but its latest stimulus measures prove that it is willing and able to act when necessary, Slovak central bank chief Peter Kazimir said on Tuesday.
Kazimir, who took over at the bank this month, said that while economic sentiment was deteriorating, there were no fears that the 19-member currency bloc was heading toward a recession or deflation.
He also said that there was no need now to add to stimulus and the ECB would await hard data before deciding whether additional measures were needed.
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Written By: Reuters
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