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12 Mar 2014
ECB's Linde suggests more measures could be adopted ahead of LTRO expirations
FXStreet (Łódź) - ECB Governing Council member Luis Linde assured on Wednesday in Madrid that the central bank's accomodative monetary policy is suitable for the current economic environment and that the central bank is prepared to use a variety of tools and measures if the need arises. It might be necessary ahead of LTRO expirations in 2015, he added.
Moreover, Linde suggested that a strong euro could prompt more easing.
The ECB lawmaker, who is also head of the Bank of Spain, pointed to the signs of improvement in the Spanish economy. He suggested that labor reforms spurred job growth, which now was stronger than after the first recession.
“Spain's economy deleveraging is on the right track,” he assured. He predicted that inflation in the country should be at 0.4%-0.5% at the end of the year while growth should be seen around 1%.
Moreover, Linde suggested that a strong euro could prompt more easing.
The ECB lawmaker, who is also head of the Bank of Spain, pointed to the signs of improvement in the Spanish economy. He suggested that labor reforms spurred job growth, which now was stronger than after the first recession.
“Spain's economy deleveraging is on the right track,” he assured. He predicted that inflation in the country should be at 0.4%-0.5% at the end of the year while growth should be seen around 1%.