Bank of Finland gov with an article on their website
- slower growth in the global economy involves downside risks for recovery in the euro area.
- allied to the decline in the price of oil, this also means inflation could be slower than expected.
- A slower recovery in the euro area would present new challenges for monetary policy.
"The ECB Governing Council is monitoring developments very closely and stands ready to take all necessary measures. The monetary policy stimulus can, if necessary, be increased by adjusting the scale, composition or duration of the expanded purchase programme"
Comments keeping euro on back foot after post-IFO rally
Full article here
ECB ready to act if needed says Liikanen
