ECB not entirely happy with the results of its policy, Panetta says
Reuters
Published Sep 15, 2020 04:10AM ET
FRANKFURT (Reuters) - The European Central Bank must remain on alert about the state of the euro zone's pandemic-struck economy and the euro's exchange rate as the results of its stimulus measures are "not fully satisfactory yet", ECB board member Fabio Panetta said on Tuesday.
"The results achieved by our monetary policy measures are remarkable, but they are not fully satisfactory yet, as price pressures and inflation expectations are expected to remain subdued," Panetta said.
"In light of the current outlook for inflation, we need to remain vigilant and carefully assess incoming information, including exchange rate developments."
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Written By: Reuters
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