BRUSSELS (MNI) – The European Central Bank is prepared to adjust
its monetary policy stance, including its use of non-standard measures,
according to economic conditions, European Central Bank Vice President
Vitor Constancio said Friday.
At the European Parliament on Wednesday, Constancio had told MEPs
to “rest assured that we will adapt our policy” if downside economic
risks materialise.
Clarifying those comments to journalists on the sidelines of a
conference here, Constancio said he was referring to monetary policy “in
general” and “in particular” to non-standard measures.
The ECB’s decisions are “always data-dependent”, he said. When
assessing the use of the central bank’s bond-purchasing programme,
“broader considerations” are also taken into account, he said.
Constancio observed that conditions in the interbank market were
“not yet normalised.”
[TOPICS: MT$$$$,M$$EC$,M$X$$$,M$$CR$,MGX$$$]
