ECB Governing Council: There is no need to adjust monetary policy at this stage, the EU needs to push forward reforms to boost the economy

The Zhitong Finance App learned that ECB Management Committee member and Bank of Portugal President Álvaro Santos Pereira (Álvaro Santos Pereira) said that since inflation in the Eurozone is still close to the target level of 2%, there is no reason for the ECB to adjust monetary policy at this stage. In an interview on Wednesday evening, Perera said: “ECB President Lagarde has made it clear that the central bank is currently in good condition and price stability has been achieved. Monetary policy has done what it is supposed to do, which is to support the economy when necessary.”

Perera pointed out that responsibilities have now been transferred to European governments and the European Union, and structural reforms are needed to deal with what he called the “weak” growth situation of the European economy. He said that deepening the single market is essential, adding that the EU still lacks a truly unified market. “At this stage, the responsibility lies with governments and the European Commission,” he said. These reforms must be advanced, particularly within the single market, if Europe wants to fully harness the potential of the 450 million consumer market.”