Publication - Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Pierre Briançon on 5 February 2019 and published on 7 February 2019
Why did the European Central Bank both warn against increased risks for the eurozone economy and choose to do nothing at its last meeting?
At this stage, we don’t think that we have enough elements to conclude that we’re facing a lasting and serious slowdown of the eurozone economy. That said, we have a duty of transparency, we have to communicate on the way we see the economy. Forward guidance implies that you’re being honest on the risks ahead. Hence our conclusion that risks have moved to the downside.