The European Central Bank is prepared to alter monetary policy further and boost funding to banks to encourage lending, Executive Board member Benoit Coeure said in Ta Nea newspaper today. The Frankfurt-based institution “is ready to further adjust the direction of its monetary policy, if needed,” Coeure said in an article carried by the Greek newspaper. The ECB “is ready to offer additional liquidity to the banks, on condition that the banks increase their credit to the real economy.” Coeure’s comments come after ECB President Mario Draghi signaled last week that declining euro-area inflation (ECCPEST) expectations ... (full story)