ECB’s Coeure - Determined to bring HICP to target, no shortage of tools

European Central Bank (ECB) Coeure was on the wires stating the bank is determined to meet its HICP inflation target and faces no shortage of policy tools.

Key quotes

March ECB action very substantial, priority to credit

Time to initiate a new economic convergence process and this requires a concerted effort in terms of economic and fiscal policies

ECB cannot single-handedly create the conditions for a sustainable recovery in growth