ECB’s Panetta: Need to carefully assess incoming information, including exchange rate developments

more to come ...

Key quotes

The ECB’s governing council stands ready to adjust all of its policies, depending on incoming data, in order to bring inflation in line with its medium-term aim.

Overall, the balance of risks remains on the downside.

It is essential for Greece to complete the financial sector reforms needed to support the process of NPL reduction and guarantee an adequate supply of credit during the recovery.

In light of the current outlook for inflation, we need to remain vigilant and carefully assess incoming information including fx.

The results achieved by our monetary policy measures are remarkable, but they are not fully satisfactory yet.

In light of the current outlook for inflation, we need to remain vigilant and carefully assess incoming information, including exchange rate developments.