No need for more stimulus – ECB’s Jazbec

FXStreet (Mumbai) - The European Central Bank (ECB) Governing Council member and governor of the Bank of Slovenia was on the wires with hawkish comments.

Jazbec said there are signs of economic recovery in Europe and there is now need for more monetary stimulus (QE). Last month, ECB President Draghi hinted at a possibility of more easing (deposit rate cut and QE) in December.

Meanwhile, ECB’s Mersch said the currency bloc needs strong banks to fiancé the economy and added that the ECB will ensure its inflation target is achieved by keeping the policy accommodative for an extended period.