November 8, 2019 / 8:56 AM / a month ago

ECB's Vasle says ECB to continue with present policy until conditions improve

BRDO PRI KRANJU, Slovenia, Nov 8 (Reuters) - The European Central Bank is determined to continue with its present monetary policy until conditions improve, ECB governing council member Bostjan Vasle told a banking conference on Friday.

He said the ECB believes interest rates would remain at a low level for a “longer period of time”, adding the ECB policy was aiming to influence short-term and long-term interest rates.

He also called upon euro zone states to accompany the ECB’s monetary policy with structural and fiscal reforms.

Reporting by Marja Novak; Editing by Alison Williams

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