Euro zone needs more ECB stimulus, policymaker Centeno tells paper

Centeno insists the ECB must release more money into eurozone economy

The ECB needs to drop the brakes and hit the gas again. Mario Centeno, a Governing Council member at the European Central Bank, told La Stampa Sunday that the eurozone economy is still too weak to sustain current interest rates and called for “further stimulus.” Centeno said, “The level of rates must be compatible with an economy that generates stable inflation at 2%,” but in his view, that economy “does not yet exist in the euro area.” Centeno …

Euro Zone Needs More ECB Stimulus, Policymaker Centeno Tells Paper

Euro-Area Economy Needs More ECB Stimulus, Centeno Tells Stampa

Euro zone needs more ECB stimulus, policymaker Centeno tells paper

MILAN (Reuters) -The euro zone economy is weak and needs “further stimulus” from the European Central Bank, ECB policymaker Mario Centeno said in an interview with the Italian daily La Stampa published on Sunday. The ECB cut interest rates for the eighth time in a year earlier this month to support a sluggish recovery in the euro zone but clearly signalled a pause in July. Centeno, whose term as Portugal’s central bank governor ends before the E…

ECB must pump more money into eurozone now, Centeno says

The ECB needs to drop the brakes and hit the gas again. Mario Centeno, a Governing Council member at the European Central Bank, told La Stampa Sunday that the eurozone economy is still too weak to sustain current interest rates and called for “further stimulus. ” Centeno said, “The level of...