ECB’s Coeure: Balance of risks for growth has been shifted to neutral by incoming data
|ECB governing council member Benoit Coeure crossed the wires now, via Reuters, making a scheduled speech about "Central bank communication in a low interest rate environment", in Brussels.
Headlines:
Balance of risks for growth has been shifted by the data towards neutral territory
At the same time, measures of inflation have remained subdued
Projected path of inflation remains highly conditional on our policy stance
Forward guidance has been successful
Any decision to change our policy expectations does not prejudice further policy steps
Should we decide to change our policy expectations on the back of and improving economic landscape, this does not mean we wouldn't lower interest rates or increase the pace of QE in any state of the world
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