ECB's Coeure: deflation risks largely disappeared but stimulus needed
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/16/2026
- S&P 500 ends higher as traders shift from AI to healthcare
- U.S. producer prices rise by 1.3% month-on-month in September
- Brent steady as US weighs easing sanctions on global 'shadow fleet'
- UBS now expects a third Fed rate hike after hot September inflation print
- Tesla-SpaceX Merger could be announced before December, Barclays says
Tweet
Share
E-mail
Benoit Coeure, member of the Executive Board of the European Central Bank (ECB), gestures during the session 'The Global Economic Outlook' in the Swiss mountain resort of Davos January 24, 2015. REUTERS/Ruben Sprich
FRANKFURT (Reuters) - The threat of deflation in the euro zone has largely disappeared but the bloc still need stimulus to lift inflation back towards the European Central Bank's target of close to 2 percent, ECB Executive Board Member Benoit Coeure said on Monday.
Responding to questions on Twitter, Coeure also said "helicopter money", a concept that typically refers to distributing central bank cash directly to citizens, was likely to blur the line between the ECB's monetary policy and governments' fiscal policy.
(Reporting by Balazs Koranyi; Editing by Francesco Canepa)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Money transfer firm Wise raises revenue growth outlook as cross-border volumes jump
- Russia moves on more European firms ahead of Zelenskiy's appearance at EU summit
- US Treasury says Japan no longer faces deflationary environment, yen level must change
Create E-mail Alert Related Categories
ReutersRelated Entities
Twitter, European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
