ECB's Escriva: We need to be agile and ready to move in any direction on monetary policy

European Central Bank Governing Council member Jose Luis Escriva said on Wednesday,, “we need to be agile and ready to move in any direction on monetary policy.”

Further comments

Even if out central scenario is materialising, that doesn't mean the uncertainty elements have been erased.

Disinflation has been a success.

The situation was complex two or three years ago.

The current interest rate at 2% seem reasonable to us.

Risks to inflation are balanced and slightly negative for growth.