ECB will keep the current monetary stance – ECB’s Mersch

FXStreet (Edinburgh) - Yves Mersch, member of the ECB’s Executive Board, has left the door open for further easing after stressing that that ECB is still to decide whether it has reached the lower bound on rates. In the same direction, he noted that the central bank remains determined to keep the policy stance by ‘all means at our disposal’.

In addition, he argued that a rate hike by the Federal Reserve could have consequences in the EM space, and that higher rates means the US economy is improving.