ECB Vice President Vitor Constancio said in Bangkok over the weekend that the aggressive easing measures taken by the European Central Bank last month should address the problem to too-low inflation in the euro zone, and signalled that that additional measures are unlikely in the near term.
- “We have to wait and see what will be the use of these measures. We won’t introduce new measures until we assess [whether] these measures will be as effective as we expected”
Said the most recent measures from the ECB have alreadys started to show some effects:
- “In the interbank rate, we see that the overnight rate went down. It has been very low, as it was to be expected. We also see more activities in the interbank market, as expected”
- He added that the impact from the targeted loans, which are at maturities of four years, is still to come
More at (The Wall Street Journal is often gated, so if you’re unable to access the article try a search of Google news using the headline): ECB Deputy Puts Faith in Easing Measures
