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5 Feb 2016
ECB’s Jazbec - Will Act in March ‘If Necessary’
FXStreet (Mumbai) - The European Central Bank is ready to boost its stimulus in March if needed, but said the ECB does not hold a “magic wand” to solve problems in the Eurozone.
In an interview with Wall Street Journal, the Slovenia’s central bank head warned against reacting too reacting too hastily to developments that might be temporary.
Key quotes
ECB policy makers need a “more comprehensive view on data, we should not jump immediately on events which might or might not prove to be long lasting."
“There are still a lot of instruments you can put on the table, but we have to have serious [support] from other policies, which in my view are still…in some cases seriously lacking”
In an interview with Wall Street Journal, the Slovenia’s central bank head warned against reacting too reacting too hastily to developments that might be temporary.
Key quotes
ECB policy makers need a “more comprehensive view on data, we should not jump immediately on events which might or might not prove to be long lasting."
“There are still a lot of instruments you can put on the table, but we have to have serious [support] from other policies, which in my view are still…in some cases seriously lacking”