BERLIN May 14 The European Central Bank is
getting ready to take a decision on fresh policy action next
month, ECB Executive Board member Yves Mersch said on Wednesday,
hinting at some degree of consensus on some measures.
ECB President Mario Draghi said last week the Governing
Council was "comfortable with acting next time" - its June 5
policy meeting - but wanted to see updated economic projections
from the bank's staff first.
Speaking at a panel discussion at a conference, Mersch said
Draghi's comments could be interpreted as what his predecessor
Jean-Claude Trichet would have expressed by using the term
"What exactly will happen is a decision that will be taken
at the next council (meeting). There are several possibilities,"
Mersch said, adding that some were easier to implement than
others and that there was perhaps already theoretical unanimity
on various tools.
"We are working intensively to expand our independent
instruments within our mandate and to make our action as
effective as possible".
"We never precommit unconditionally," he added.
(Reporting by Annika Breidthardt, writing by Eva Taylor)