ECB Economic Bulletin: Key to keep appropriate degree of monetary accommodation

ECB out on the wires with its economic bulletin, noting the following:

ECB ends production and issuance of €500 banknote

Euro area economic recovery expected to proceed but risks remain tilted to the downside

Will use all the tools in the tool shed if needed

It's crucial to avoid second round effects in prices and wages

Financing conditions have improved broadly

It is key to keep appropriate degree of monetary accommodation