Sunday 20 January 2019

ECB vice-president urges reforms to boost growth

Luis de Guindos. Photo: Sergio Perez/Reuters
Luis de Guindos. Photo: Sergio Perez/Reuters

Carolynn Look

The ECB's vice-president used the institution's first speech of 2019 to stress that monetary policy alone isn't enough to boost euro-area growth, calling on other actors to play their part.

Speaking at an event in Latvia marking five years since it joined the currency bloc, Luis de Guindos reflected that the euro-area economy has improved amid significant monetary support.

"Latvia in particular has really shone during this time," he said. While the ECB is no longer adding stimulus after nearly four years of buying bonds across the region, Mr de Guindos said that "substantial accommodation will continue to be provided".

Bloomberg

Irish Independent

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