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

The European Central Bank needs to provide the euro-area economy with “further stimulus,” Governing Council member Mario Centeno told Italy’s La Stampa.

“The level of rates must be compatible with an economy that generates stable inflation at 2%,” the Portuguese central bank chief was cited as saying in an interview. “Today, in my opinion, that economy does not yet exist in the euro area. The supply and demand conditions are still too weak to allow a return to the target without further stimulus.”