April 14, 2014 / 5:41 PM / 4 years ago

ECB prepared to ease if inflation low for too long -Noyer

NEW YORK, April 14 (Reuters) - The European Central Bank stands ready to take unconventional policy steps to fend off a too-long period of low inflation, though for now it expects inflation to slowly rebound, an ECB policymaker said on Monday.

“Should we note a deviation from this path, we will use every instrument within our mandate, including unconventional ones, in order to cope effectively with risks of a too prolonged period of low inflation,” European Central Banker Christian Noyer told a luncheon at the New York Stock Exchange.

Reporting by Jonathan Spicer; Editing by Chizu Nomiyama

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