Able and willing to act if necessary – ECB monthly bulletin

FXStreet (Mumbai) - The European Central Bank (ECB) through its monthly bulletin once again expressed its ability and willingness to do more (monetary easing) if required.

The bank believes it is premature to assess the impact of current events on inflation, but cites downside risks to its HICP inflation forecasts. EMU HICP is likely to remain very low in near-term, the bank says.

The bulletin also reveals the central bank is concerned about the negative impact of EM turmoil in trade and business confidence and states that the recovery in the Eurozone is likely to be weaker than previously expected.