The European Central Bank (ECB) Executive Board Member Benoit Coeure said on Sunday that the central bank is ready to do more if needed to boost inflation. He noted that high unemployment led to lower prices.

"We are strictly focused on our goal to ensure price stability. That's why we are concerned with unemployment. If we had to do more, we will do more, we will find the necessary instruments, we will use these instruments," Mr. Coeure said.