The European Central Bank (ECB) Executive Board member Benoit Coeure said on Friday that the main risk to inflation in the Eurozone "is now off the table".

"The biggest risk to inflation is now off the table: that was the risk of deflation, self-reinforcing deflationary expectations, what we call the de-anchoring of inflationary expectations," he said.

Coeure noted that the ECB could adjust its stimulus measures if there are risks to inflation.

He also said that the slowdown in emerging economies remains the top downside risk to the Eurozone's economy.