Eurozone recovery slackened by slowdown in emerging markets

(ANSA) - Frankfurt, September 17 - Economic recovery in the eurozone is expected to continue but at a slower pace than previously forecast due largely to a slowdown in emerging market economies and the consequent drop in demand for euro area exports, the European Central Bank (ECB) said in its monthly bulletin published Thursday.
    Instead the bank's monetary policy measures should continue to support domestic demand, the ECB said. In this respect, the bank's governing council "emphasises its willingness and ability to act, if warranted, by using all the instruments available within its mandate" and particularly the flexibility offered by its asset purchase programme - otherwise known as quantitative easing - until it sees " a sustained adjustment in the path of inflation which is consistent with its aim of achieving inflation rates below, but close to, 2% over the medium term," the bulletin read.