Comments by ECB policymaker, Pablo Hernandez de Cos
- ECB stands ready to adjust all instruments as needed
- ECB must maintain sizeable monetary stimulus
- Euro area is "long way" from inflation target
- Must continue to monitor FX developments even as upward euro pressure has eased
After the earlier report here, these remarks are looking more and more like platitudes unless the ECB really does take some concrete action to walk the talk.
