Yves Mersch, ECB Executive Board member, made the following statement:
- The quantitative easing program has significantly improved the credit situation.
- It is difficult to predict inflation expectations in the light of global globalization.
- There is some disappointment with recent inflation data.
- While expectations have improved dramatically across all sectors, we have seen some disappointing developments in inflationary pressures.
- We are still concerned about the size of non-performing loans.
- The faster we reduce risks, the more we will make progress in the way of the Union of Banks.
- Recent data need to be taken into account in the ECB inflation discussions.
