ECB to review, possibly reconsider monetary policy in March – ECB’s Coeure

FXStreet (Mumbai) - Speaking at an event in Budapest, ECB Executive Board Member, Benoit Coeure noted that the ECB will review and re-asses monetary policy at its March meeting and added that the ECB policy is having its intended effects.

Key Quotes:

If downside risks to the recovery were to materialize, this would not make it easier to respond to the refugee crisis or to counter terrorism

Price stability foundation for growth

Monpol having intended consequences

New economic convergence will need to be complemented by political convergence

We will see sustainable economic convergence only if accompanied by political convergence

Investment ingredient of recovery still missing

ECB to review, possibly reconsider monpol in March