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ECB stands ready to adjust all tools as needed: de Guindos

Kitco News

FRANKFURT (Reuters) - The European Central Bank is ready to adjust all of its instruments to raise inflation back to target even amid a growth slowdown, ECB Vice President Luis de Guindos said on Monday, largely repeating the bank’s most recent policy message.

“We remain alert in the wake of mounting global uncertainties,” de Guindos said in Madrid. “The Governing Council is, therefore, determined to act in case of adverse contingencies and also stands ready to adjust all of its instruments, as appropriate.”

Reporting by Balazs Koranyi; editing by John Stonestreet

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