ECB's Coene (Belgium): Would support the ECB govt bond purchases - Belgium press
- Would help spur economic activity and fight off deflationary pressures.
- Says: "Since the beginning of 2014, we have systematically underestimated deflationary effects...if we were to find ourselves at the beginning of next year with negative inflation and fall into a deflationary spiral, the effects on the behaviour of households and businesses could be very negative."