ECB’s Coeure: Balance of risks for growth has been shifted to neutral by incoming data

ECB governing council member Benoit Coeure crossed the wires now, via Reuters, making a scheduled speech about "Central bank communication in a low interest rate environment", in Brussels.

Headlines:

Balance of risks for growth has been shifted by the data towards neutral territory

At the same time, measures of inflation have remained subdued

Projected path of inflation remains highly conditional on our policy stance

Forward guidance has been successful

Any decision to change our policy expectations does not prejudice further policy steps

Should we decide to change our policy expectations on the back of and improving economic landscape, this does not mean we wouldn't lower interest rates or increase the pace of QE in any state of the world