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- European Central Bank Executive Board member Benoit Coeure: monetary policies of the Eurozone and the U.S. have different directions
European Central Bank Executive Board member Benoit Coeure: monetary policies of the Eurozone and the U.S. have different directions
The European Central Bank (ECB) Executive Board member Benoit Coeure said on Friday that monetary policies of the Eurozone and the U.S. have different directions.
"Whatever happens, and whatever the Fed's decision, the monetary trajectories in the euro zone and the United States are very different," he said.
Coeure also said that there is the downside risk to the global outlook.
He noted that the inflation and growth in the Eurozone are expected to be lower than previously expected.
Coeure pointed out that the central bank could extend its asset-buying programme if needed.
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