The ECB stands ready to act if the increased volatility threatening price stability
2015-07-31 07:16
(SIX) The European Central Bank said on Thursday that it is ready to react on increased volatility in financial markets resulting in tighter monetary conditions in the euro area. It reports Market News International. In its Economic Bulletin, the ECB stated that the recovery in the region was stable in the second quarter and should accelerate later this year. "The recent developments in financial markets in the euro area characterized by increased volatility, primarily due to uncertainty regarding negotiations between Greece and its lenders, "said the ECB. If some factors would lead to an undue tightening of monetary policy, the ECB will "use all available tools within its mandate, "continued central bank. Inflation is expected to remain low in the near term and rise towards the end by year, partly because the base effect linked to the case in oil prices at the end of 2014, said the ECB. Inflation is expected to rise further in 2016 and 2017. Furthermore, the ECB stated that the latest data point to overall unchanged growth rates in the near term. Looking ahead, the recovery is expected to take boost from the ECB's monetary policy, structural reforms, fiscal consolidation, higher disposable incomes and private consumption. Anton Wilén, +46 8 5861 6441 mailto: anton.wilen@six-group.se www.blogg.six.seSIXNews SIX News
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