ECB’s Mersch: Euro Area still needs monetary stimulus - CNBC

Key quotes from the ECB Governing Council Mersch’s interview with CNBC are found below.

“ECB could raise growth forecast in December.

Euro area still needs monetary stimulus.

ECB wouldn’t hesitate to take action if needed.

Coming inflation fall may not be as steep as feared.

Toolbox not limited to asset buys.

Normalization will be gradual.

Would not be right for the market to expect an increase in asset buys.

Need to minimize market distortions.”