ECB will adopt further measures if necessary, official says

The European Central Bank would implement further easing measures if necessary, but has so far taken action to support growth, a member of the bank's governing council said on Wednesday.

Francois Villeroy de Galhau told Europe 1 Radio “we have been very active and we have been efficient. If it is necessary we will continue, but we have acted as we should to support growth and jobs".

Euro area economic growth was set to accelerate from 1.5% in 2015 to about 1.7% in 2016 and the global expansion was not facing another financial crisis, he said.

"We are in Europe and in France in a recovery movement that is incontestable, which is holding on despite the (terrorist) attacks (in Paris) of last November, but which is not sufficient and needs to be amplified.”

He explained that the ECB’s policies would probably add a half percentage point to France’s rate of GDP growth in 2015.