Comments from Benoît Cœuré, member of the Executive Board of the European Central Bank

  • European Central Bank can cut rates further, but currently no plans to do so
  • ECB monetary policy is supporting short-term growth in a visible way
  • No magic bullet for increasing growth
  • ECB currently has no plans to cut deposit rate further

Cœuré's comments from an interview and crossing the news wires now

ADDED: The interview is with Japan's Yomiuri Shimbun, text here on the ECB website

EUR barely responding, up a couple of pips in EUR/USD