The European Central Bank said
Thursday that its governing council was "unanimous" about the
need to combat low inflation in the eurozone as it is a threat
to recovery prospects.
"Should it become necessary to further address risks of
too prolonged a period of low inflation, the Governing Council
remains unanimous in its commitment to using additional
unconventional instruments within its mandate," the ECB said in
its monthly bulletin.
"This would imply altering early next year the
size, pace and composition of the measures.
"In response to the request of the Governing Council,
ECB staff and the relevant Eurosystem committees have stepped up
the technical preparations for further measures, which could, if
needed, be implemented in a timely manner.
"All of the monetary policy measures are geared towards
underpinning the firm anchoring of medium to long-term inflation
expectations, in line with the Governing Council's aim of
achieving inflation rates below, but close to, 2%, and
contribute to a return of inflation rates towards that level".
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