Economics
ECB Officials Ready to Add Stimulus But Won’t Say When or How
- Governing Council members Coeure, Villeroy latest to comment
- Villeroy says there are ‘several’ meetings to consider options
Photographer: Martin Leissl/Bloomberg
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European Central Bank policy makers reiterated their readiness to add monetary stimulus for the euro zone, but signaled they’re not yet united on when or how to act.
Executive Board member Benoit Coeure said in remarks broadcast Monday that loose policy is needed now “more than ever” and interest-rate cuts and quantitative easing are both on the table. Bank of France Governor Francois Villeroy de Galhau said the ECB has the “determination” to act but noted mixed readings on the economy and suggested there’s no need to rush into a decision this month.