ECB's Governing Council member Coeure: No doubt ECB can ease policy further with current tools

Market news

18 December 2019

ECB's Governing Council member Coeure: No doubt ECB can ease policy further with current tools

ECB actions have been effective
Central banks may have to navigate in a low growth, low inflation environment
ECB should clarify that the medium-term inflation goal is 2%
Lowering inflation target would be wrong
ECB could communicate a tolerance band for inflation
But tolerance band is not an invitation for inaction, complacency
ECB could communicate the range of inflation outcomes that can be considered as acceptable in normal times

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