The ECB is ready to adjust all of its instruments 'as appropriate' after taking into account economic developments in June, Finnish Central Bank Governor Olli Rehn told CNBC.
During the IMF meetings in Washington this week, Finnish Central Bank Governor Olli Rehn told CNBC that how the economy evolves by June will be key in determining how"we proceed as regards to our monetary policy stance."
During prepared remarks on Wednesday's ECB meeting, President Mario Draghi said that the ECB stands ready to use"all available instruments" if the economic situation in the euro zone were to deteriorate further. He said,"For now it's clear that we have a very accommodative monetary policy stance," reiterating that"we are ready to adjust all of our instruments as appropriate taking into account economic developments."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Whatever it takes, Part 2?: Five questions for the ECBJust a month after the European Central Bank halted plans to normalize policy an...
Read more »
One euro zone bank falls short of ECB capital requirementsOne euro zone bank is falling short of the European Central Bank's capital ...
Read more »
Here are 3 things Europe-wary investors will be watching for as ECB meetsUgly European data is contributing to fears of a global economic slowdown. Here are three things investors will be watching for when European Central Bank...
Read more »
In placeholder meeting, ECB hopes to instil confidenceFRANKFURT Reuters) - The European Central Bank is all but certain to keep policy...
Read more »
European markets seen slightly higher ahead of ECB rate decision, Brexit summitEuropean stocks are set to open slightly higher Wednesday, with EU leaders likely to grant British Prime Minister Theresa May a second delay to Brexit.
Read more »
ECB set to hold steady amid heightened economic risksA rate hike is not expected for this year and there is even a growing debate to lessen the burden on banks from the negative deposit rate.
Read more »
ECB leaves monetary policy unchangedThe European Central Bank, as expected, made no changes Thursday to interest rates or other monetary policy measures. The ECB left its main lending rate at...
Read more »
ECB sop to banks will only help at the marginPresident Mario Draghi is considering ways to ease the pain that negative policy rates inflict on banks, such as tiered deposits in Japan and Sweden. Savings-rich German lenders would benefit most. But any earnings boost would be modest and does nothing to remedy high costs.
Read more »
Economists trim euro zone's inflation and growth forecasts: ECB surveyEconomists are trimming their inflation and growth forecasts for the euro zone a...
Read more »
Mario Draghi’s successor at the ECB has plenty to doThe ECB has come into its own, but 2019 will still be a momentous year
Read more »