Comments from ECB's Mersch
- Says it is too early to judge whether these will be lasting changes to the trajectory that the European Central Bank expected inflation to follow
- Says should more monetary policy impulse become necessary, the EBC is determined to use all available instruments to achieve its mandate over the medium term
- Says ECB does not see potential risks to financial stability materialising
via Reuters
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Yves Mersch, is a member of the ECB's Executive Board
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More (via Bloomberg):
- ECB to monitor falling oil impact on price stability
- Policy continues to have favourable impact on costs
- Economy of euro area more resistant to shocks
- ECB will not hesitate to act if inflation outlook weakens
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