ECB's Lautenschlaeger: It is much too early for a huge stimulus package, EUR uninspired
|The European Central Bank (ECB) Executive Board Member Sabine Lautenschlager is out on the wires now, via Reuter, noting that It is much too early for a huge stimulus package
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Still convinced that QE is a measure of last resort.
It is only to be used if there is a risk of deflation.
Rate cuts is something to certainly think about before considering non-standard stimulus measures such as QE.
The shared currency failed to benefit from the hawkish comments from the ECB policymaker, as the EUR/USD pair is seen testing lows near 1.1040 region amid mixed German Retail Sales data and ahead of the key Eurozone inflation report.
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