ECB's Mersch: All three rates could be cut next week

FXStreet (Łódź) - Speaking on panel in Tokyo on Wednesday ECB Executive Board member Yves Mersch signaled that the ECB was comfortable with adopting a combination of conventional as well as unconventional measures at the upcoming meeting on June 5.

The ECB policymaker suggested that if the Governing Council decided to cut rates they would most probably affect all three rates: the main refi rate, the deposit as well as the marginal lending facility.

He said that the exchange rate plays an important role as far as inflation is concerned, but that the ECB didn't have an exchange rate objective.