ECB’s Jazbec: ‘The scope and pace of our decisions have been appropriate’

In an interview with Reuters on Friday, Bank of Slovenia governor and ECB governing council member Bostjan Jazbec noted that the ECB monetary policy program is having its intended effects and needs no change at present.

Key Quotes:

"Our policies are aimed at the real problem, they are calibrated with the right sense of measure and they are obviously working"

"We are only talking about the modality of changes and the extent of the changes, but the direction is right"

"The latest forecasts and data confirm that the scope and pace of our decisions have been appropriate"

"There is plenty of room to maneuver; I’m not worried we would not be able to find the tools, if needed"

"The possible changes have already been discussed in public: change in the deposit rate floor, capital key changes, extension of the program, or the issue limit"

"They are all options being discussed on the committee level to prepare the Governing Council to make the most appropriate decision"

"The trend in inflation prospects, based on our forecasts, is encouraging"

"Whether a decision is made or not made (in the coming months) depends on our understanding of data and information"