"We stand ready to adjust all our instruments if downside risks to the outlook materialise, including those stemming from exchange rate dynamics," Panetta said.
FRANKFURT: The European Central Bank can still provide more stimulus if needed to counter any drag on inflation, including from the firming euro against major currencies, ECB board member Fabio Panetta said on Monday.
"We stand ready to adjust all our instruments if downside risks to the outlook materialise, including those stemming from exchange rate dynamics," Panetta said.
"Indeed, an appreciation of the euro could significantly affect euro area inflation."
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