MILAN (Reuters) - It is too early to discuss an expansion of the European Central Bank's asset-purchase programme as expectations of a modest economic recovery in the euro zone are still intact, an ECB executive board member said on Monday.
The ECB has been buying around 60 billion euros worth assets each month since March as part of a quantitative easing programme aimed at reviving inflation, but price growth has been anaemic, partly due to a slump in commodity prices.
"For me it's too early to talk about concrete measures to broaden the QE," Sabine Lautenschlaeger said on the sidelines of an event in Milan. "As I said the basic scenario is still intact. We have to look through the recent volatility."