The ECB’s governing council member, Yannis Stournaras crossed the wires in the last hour, saying that there are strong monetary, economic and financial arguments for the incoming President Lagarde to keep up an ultra-loose policy and stimulus.
Additional quotes:
Stimulus package last week was necessary because inflation remains very low.
Benefits of taking action now exceed to a large extent the costs.
There has been an insufficient contribution from fiscal policy.
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