ECB’S COEURE: ECB NOT AT THE LIMIT OF WHAT IT CAN DO YET ON MONETARY POLICY

The European Central Bank (ECB) Governing Council member Benoit Coeure is on the wires now, via Reuters, commenting on the central bank’s monetary policy while delivering a speech in Lisbon.

Coeure said that the ECB is not at the limit of what it can do yet on monetary policy.

Last hour, the ECB policymaker Hansson said that the QE programme could be restarted in the event of a major shock.

Adding to his earlier comments about the European Central Bank (ECB) not being at a time limit of what it can do on monetary policy, ECB Governing Council member Benoit Coeure said that the fall below 0% witnessed in German bond yields had more to do with excess savings rather than monetary policy.