- Should inflation stay low for too long ECB has necessary instruments to act
- However the possible risks of long lasting low interest rate phase must be weighed
- Acknowledges IMF recommendations on monetary policy and notes ECB is monitoring inflation developments closely
- IMF/G20 meetings to address geopolitical uncertainties and their impact on global growth
- Will also discuss normalisation of US mon pol and impact on global economy
- Risks to world economy come from geopolitical developments and finance conditions in emerging markets
Comments from Reuters