ECB’s Lane supports use of non-standard measures to achieve price stability

FXStreet (Mumbai) - Speaking to Central Banking Journal on Thursday, European Central Bank (ECB) Governing Council member and Governor of Ireland's Central Bank Philip Lane said that non-conventional methods will remain in use to achieve price stability.

He further added that the impact of developments in emerging economies on global output should be closely monitored.

Key Quotes:

"(I support) continuing efforts of the European Central Bank's Governing Council to deploy non-standard measures in fulfilling its price stability mandate."

"Meanwhile, developments in emerging economies should be monitored closely, given their importance in determining global output and their growing impact on the global financial system.”