Euro zone inflation remains unacceptably low and the European Central Bank will ...
HELSINKI - Euro zone inflation remains unacceptably low and the European Central Bank will ease policy further if necessary to boost price pressures, policymakers said on Monday, just weeks after ECB chief Mario Draghi hinted at more stimulus.
But with interest rates already at a record low and the ECB’s balance sheet at 4.7 trillion euros, critics say that the potency of its remaining tools is limited and more easing can only provide a modest boost. The ECB has provided unprecedented stimulus for years and successfully revived the 19-member currency bloc only to see uncertainties over global trade and, to a lesser extent, Brexit unravel its work.
The ECB next meets on July 25. Some analysts expect it to announce more stimulus measures then, while others don’t see a move coming until its Sept. 12 meeting, when it will also issue new economic projections.
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