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Coene: ECB Needs More Info Before Deciding On Further Action
The European Central Bank needs more information yet before deciding whether low Eurozone inflation warrants further action, ECB Governing Council member Luc Coene said Tuesday. Speaking at a press conference to release the annual report of the Belgian National Bank, which he heads, Coene said that lower-than-expected HICP of +0.7% in January did not all by itself automatically justify a response. "We have said at the last Governing Council [meeting] that we wanted to have more information on a number of elements," Coene said when asked whether the ECB needed to act to stave off deflation. "So, we first need this ... (full story)
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