European Central Bank Governing Council member and Slovak central bank chief Peter Kazimir recently crossed the wires arguing that the bank is not at a point where more policy tools need to be used and added that they will await hard data on the economy before making a decision.
Key quotes (via Reuters)
- ECB is confident it has tools to achieve its target and latest decisions prove its willingness to act.
- Does not see a recession or deflation ahead but ECB far from its inflation target.
- FXx rate plays a role in policy and ECB considers it in its decisions.
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