ECB’s Stournaras: Soft landing achieved, but must remain flexible and ready to act

• Latest ECB decision driven by prudent, wait and see approach in a fluid and uncertain environment.
• Financing conditions had become easier in orderly fashion thanks to ECB policy.
• This should support a gradual economic recovery over the medium term.
• By keeping inflation expectations firmly anchored to our medium term target, monetary policy acts as a stabilising force.
• Looking ahead, favourable financing conditions are expected to support growth even though risks due to trade policy uncertainty and geopolitical tensions are tilted to the downside.

Again, nothing new here from Stournaras as he reaffirms policy flexibility like other officials. He’s sounding optimistic on future growth due to the soft landing and easier financial conditions.

This article was written by Giuseppe Dellamotta at investinglive.com.