ECB's Bonnici: More action is likely not needed given how things are going

European Central Bank’s (ECB) Governing Council member and the governor of the Central Bank of Malta, Josef Bonnici, was on the wires last hour, noting that he doesn’t see need for further ECB action at present.

Key Quotes:

What we've done already should be enough

More action is likely not needed given how things are going

Need to let measures work their way through

Expects a bit more optimistic prognosis for inflation