ECB's Coene: Falling EUR exchange rate is helpful; additional ECB measures could be implemented quickly, need to avoid disinflation cycle
- Reiterates have not used up all of the policy options
- ABS program is limited QE
- Sees EONIA under zero for some time
- ECB's September projections were a bit optimistic, recent rate cut was designed to bolster the take up of the TLTRO