ECB's Kazimir saw stimulus decision proves willingness to act
BRATISLAVA, June 11 (Reuters) - The European Central Bank is
still far from achieving its inflation target but its latest
stimulus measures prove that it is willing and able to act when
necessary, Slovak central bank chief Peter Kazimir said on
Kazimir, who took over at the bank this month, said that
while economic sentiment was deteriorating, there were no fears
that the 19-member currency bloc was heading towards a recession
He also said that there was no need now to add to stimulus
and the ECB would await hard data before deciding whether
additional measures were needed.
(Reporting by Tatiana Jancarikova
Writing by Balazs Koranyi
Editing by Andrew Heavens)
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