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Delay in ECB stimulus effect does not justify more easing - Hansson

Reuters  |  TALLINN 

TALLINN (Reuters) - European Central stimulus measures take time to impact the real economy but this does not necessarily mean that even more stimulus is required, Governing Council Member Ardo told on Wednesday.

"We can't expect that there would be a very quick transition from monetary decisions to inflation," said on the sidelines of a conference. "We believe generally that the real economy is firming up and if we believe in these measures, then we should be just a bit more patient."

"We don't necessarily need to think that more measures are necessary. They will work their way through the system," Hansson, Estonia's central chief, said.

He added that when assessing the impact of the ECB's work, the accumulated stock of stimulus must also be considered, not just the fresh impulses.

(Reporting by David Mardiste; Writing by Balazs Koranyi; Editing by Hugh Lawson)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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