European Central Bank Governing Council Member Christian Noyer: the ECB was ready to take further action if needed to achieve its inflation target

Market news

19 May 2015

European Central Bank Governing Council Member Christian Noyer: the ECB was ready to take further action if needed to achieve its inflation target

The European Central Bank (ECB) Governing Council Member and the Bank of France Governor Christian Noyer said on Tuesday that there are signs that the central bank's monetary easing had a positive effect on inflation expectations. He added that the ECB was ready to take further action if needed to achieve its inflation target.

"The Eurosystem is ready to go further if necessary to deliver on its mandate of maintaining inflation close to but below 2 percent," Noyer noted.

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