Latest ECB decision was well-timed: Vasiliauskas

[October 25, 2019]   WARSAW (Reuters) - The latest European Central Bank (ECB) monetary policy decision was well timed, ECB governing council member Vitas Vasiliauskas said on Friday.

On Thursday ECB left its policy unchanged but in September it decided to restart bond purchases at a pace of 20 billion euros per month while also cutting its deposit rate to -0.5% and keeping the door open to further reductions.

"I think that the latest ECB monetary policy decision was well-timed and in line with its core mandate," he told a conference in Warsaw.

(Reporting by Alan Charlish and Alicja Ptak; Editing by Jon Boyle)

[© 2019 Thomson Reuters. All rights reserved.]

Copyright 2019 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.