The European Central Bank will not hesitate to act, but only if needed, Executive Board member Peter Praet said in an opinion piece on Friday.
He said that the bank is ready to review its policy early next year and to consider printing money to buy sovereign bonds.
"The year ahead will be challenging and rife with uncertainty. But if the past holds any lesson, it is that, if our ability to fulfill our mandate is at risk, we will not hesitate to act," Praet said.
On purchasing sovereign bonds, he said, "Interventions in this market would likely entail a stronger signal that the ECB is committed to maintaining an accommodative monetary policy for an extended period of time."
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