ECB's Praet says that further rate cuts remain an option

The European Central Bank's executive board member Peter Praet has said that further interest rate cuts remain an option, writing in Vox.

Praet also said that the central bank's forawrd guidance includes an easing bias.

Against the conditions that we see prevailing over a meaningful horizon, our guidance includes an easing bias. This conveys the notion that we have not reached the lower bound on our key interest rates. We have not run out of ammunition. Further cuts in policy rates remain an option for the ECB if the outlook on price stability so warrants.