ECB Cannot 'Run The Economy Hot' To Create Jobs Coeure

FRANKFURT, May 19 (Reuters) - The European Central Bank cannot risk running “the economy hot” to support employment once inflation stabilises at its target of almost 2 percent, ECB Executive Board member Benoit Coeure said on Friday.

“Should we reach a point where the path of inflation is expected to be self-sustaining, but long-term unemployment remains high, there should be no doubt as to how I would decide regarding our policy stance,” Coeure said in Geneva.

“Monetary policy cannot ‘run the economy hot’ as insurance against labour market risks.”

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