Too early to change ultra loose monetary policy – ECB’s B.Coeure

Benoit Coeure, member of the ECB Executive Board, said on Monday that it is still premature to change the current loose monetary stance from the ECB.

Coeure also deemed Trump’s protectionism as a ‘bad idea’.

He said reforms should continue in France in order to boost growth, while he expects the French deficit to fall below 3% this year.