ECB Governing Council member Wen Shi said that the risk of inflation is pointing downwards rather than upward. In his speech, he cited falling energy prices, continued strengthening of the euro, and uncertain economic growth prospects as reasons for this assessment. Wen Shi said that the neutral interest rate level may not be enough, and there is reason to support a moderately supportive monetary policy.

ECB Governing Council member Wen Shi said that the risk of inflation is pointing downwards rather than upward. In his speech, he cited falling energy prices, continued strengthening of the euro, and uncertain economic growth prospects as reasons for this assessment. Wen Shi said that the neutral interest rate level may not be enough, and there is reason to support a moderately supportive monetary policy.