European Central Bank Chief Economist Peter Praet stressed the need for the bank to monitor the latest slowdown indicators. His most prominent comments were as follows:
- The growth of the economy has slowed due to the decline in global demand.
- Economic growth may face many challenges.
- Brexit and Italy are the most difficult issues.
- ECB options are open if the change in the economy is significant.
- Economic conditions would have to deteriorate very substantially to envisage going to non-conventional measures
