European Central Bank (ECB) Governing Council member Ignazio Visco said on Wednesday that the central bank will consider the deposit rate cut and the expansion of its asset-buying programme at its December monetary policy meeting to boost inflation in the Eurozone.

"The appropriate degree of monetary accommodation has to be maintained to fulfil our mandate. This may imply, as it has been stated, a change in the size, composition and duration of the APP (Asset Purchase Programme). The possibility to once again lower the interest rate on the deposit facility will also be assessed," he said.