ECB’s Vasle: We expect low growth of economic activity to continue in the coming months

Dhwani Mehta FXStreet

Further comments are out from the European Central Bank (ECB) Governing Council member Bostjan Vasle, as he says that “we expect low growth of economic activity to continue in the coming months”.

Ready to step up use of monetary policy tools, could introduce new ones if necessary.

New actions are aimed to allow interest rates to be determined in relation to inflation.

Not just looking to influence short-term rates but longer-term rates as well.

We could increase volumes and change conditions for bond purchases.

Vasle said earlier today that the ECB ready to take further action if needed.

German economy ministry: Do not expect a bigger economic downturn or see a pronounced recession

EUR/USD reversed a brief spike above the 1.11 handle, now trading around 1.1090 region amid a weaker dollar, awaiting the key US consumer-centric data.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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