ECB's Bonnici raises concerns on impact of oil on inflation

FXStreet (Mumbai) - European Central Bank’s (ECB) Governing Council member and the governor of the Central Bank of Malta, Josef Bonnici, was on the wires last minutes, evaluating the impact of oil price decline on the Eurozone.

Key Quotes:

"The oil price fall has some positive impacts through raising the purchasing power of euro zone households and this reinforces the asset purchase programme"

"There is also an impact on inflation, not in the
desired direction, so there is some degree of offsetting between these factors."

“ECB needs to continuously evaluate effect of quantitative easing over time.”