© Reuters. FILE PHOTO: The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski
LJUBLJANA (Reuters) – The European Central Bank can provide additional support to financial markets in case of heightened stress but there is no need to outline in detail how it would ease turbulence, ECB policymaker Bostjan Vasle said on Wednesday.
“We are convinced that the flexibility we are providing to the markets, to the whole euro area, is sufficient,” Vasle, the head of Slovenia’s central bank, told a conference.
“We are prepared to cope with specific issues which would need additional flexibility,” Vasle added. “But at the moment, we are not very specific on what this flexibility looks like because it depends on the future developments of the financial markets.”
ECB can increase flexibility in case of market stress: Vasle