ECB’s Mersch: Low rates, accommodating polices are appropriate - RTRS

European Central Bank (ECB) governing council member Mersch was on the wires last minutes, speaking on the bank’s monetary policy program at an event in Frankfurt.

Key Headlines via Reuters:

Size of QE programme suggests exit will take some time

Should phase out non-conventional measures asap

Sees no reason to change inflation target

New forecasts in 2019 could be close to 2% target

Side effect of measures become stronger the longer it takes to reach inflation target

Eurozone economy recovering but slower than expected

Low rates, accommodating polices are appropriate