The European Central Bank (ECB) must remain in an attitude of readiness to adjust its interest rates either up or down as circumstances require, according to ECB Governing Council member Yannis Stournaras. 
In an interview with Econostream, Stournaras, who heads the Bank of Greece, called current ECB interest rates "well-calibrated and fully consistent with our unwavering commitment to the symmetric 2% inflation target."
"All the same, he noted, being in a 'good place' does not imply that policy rates are locked in. Monetary authorities have an eye on the risks around medium-term inflation and are prepared to reach quickly," he added.