September 12, 2019 / 5:22 PM / 8 days ago

ECB'S Kazimir says he supported today's package of measures

BRATISLAVA, Sept 12 (Reuters) - Slovakia’s central bank governor and the European Central Bank policymaker Peter Kazimir said he supported the bank’s package of measures on Thursday including a decision to resume the bond-buying programme.

It was part of a package that also included a pledge to keep rates low or even cut them until inflation returns to the ECB’s target of just under 2 percent, and to give euro zone banks a small reprieve from a penalty charge on their idle cash.

“The question was not whether to act but how fast and what the scope of intervention should be,” Kazimir said in an emailed statement.

“The (combination of measures) helps us get back to the saddle and hold the reins firmly in our hands”, he said. (Reporting By Tatiana Jancarikova Editing by Chris Reese)

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