NEW YORK (Reuters) - The European Central Bank stands ready to take unconventional policy steps to fend off a too-long period of low inflation, though for now it expects inflation to slowly rebound, an ECB policymaker said on Monday.
"Should we note a deviation from this path, we will use every instrument within our mandate, including unconventional ones, in order to cope effectively with risks of a too prolonged period of low inflation," European Central Banker Christian Noyer told a luncheon at the New York Stock Exchange.
(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)