ECB will first unwind unconventional stimulus: Mersch

Young journalists club

News ID: 20538
Publish Date: 11:15 - 14 March 2018
TEHRAN, March 14 -The European Central Bank will unwind unconventional monetary measures before taking action with conventional policy tools, ECB board member Yves Mersch said in a newspaper interview.

ECB will first unwind unconventional stimulus: MerschTEHRAN,Young Journalists Club (YJC) -The European Central Bank will unwind unconventional monetary measures before taking action with conventional policy tools, ECB board member Yves Mersch said in a newspaper interview.

“We first take the non-conventional measures towards the exit,” Mersch told Luxemburger Wort. “Only then will we consider the conventional ones.”

“We set interest rates for the euro area as a whole. We are not yet ready at this stage to change interest rates.”

Source:Reuters

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