ECB's Holzmann: Monetary toolbox is 'well equipped'

The European Central Bank (ECB) Governing Council member Holzmann is back on the wires now, via Reuters, taking back his words that monetary policy has reached its limits.

He now corrects himself and says that monetary policy has not reached its limits.

The monetary toolbox is 'well equipped', he adds.

• EUR/USD: Bias back in favour of bearish trades