Coure (ECB) on December Meeting


Benoit Coure, member of European Central Bank Executive Board, in interview said that ECB is not obliged to ease its monetary policy in December. Such statement is very interesting taking into account recent rumors that the bank not only considers further QE but also cut its deposite rate. Moreover, he said that:

Whatever is happening in the rest of the world, our monetary policy system allows us to maintain interest rates that are very low
We take our decisions as a function of the economy and not the financial markets
It’s (European economy) accelerating, but it remains weak, while inflation expectations have stopped improving and underlying inflation has hit a ceiling