Economics

Makhlouf Sees No Evidence Just Yet for ECB to Boost Stimulus

No option is off the table, he says in Bloomberg TV interview
Visco sees ‘stop and go’ recovery, calls for loose policy

WATCH: "Nothing is off the table" in terms of ongoing risks from the pandemic, according to ECB Governing Council member Gabriel Makhlouf.(Source: Bloomberg)

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By Piotr Skolimowski and Alexander Weber

October 16, 2020 at 4:15 AM EDT

Updated on

October 16, 2020 at 6:17 AM EDT

This article is for subscribers only.

There’s currently no reason for the European Central Bank to add monetary stimulus, though the outlook could change by the time officials meet in two weeks, according to Irish policy maker Gabriel Makhlouf.

“We have to remain absolutely vigilant,” Makhlouf said in a Bloomberg TV interview with Anna Edwards and Matt Miller. “Right now in terms of monetary policy, I don’t think there is -- one month on from our previous projections -- there is new evidence to make us change our minds.”