The ECB needs to drop the brakes and hit the gas again. Mario Centeno, a Governing Council member at the European Central Bank, told La Stampa Sunday that the eurozone economy is still too weak to sustain current interest rates and called for “further stimulus.

The European Central Bank needs to provide the euro-area economy with “further stimulus,” Governing Council member Mario Centeno told Italy’s La Stampa.

The euro zone economy is weak and needs "further stimulus" from the European Central Bank, ECB policymaker Mario Centeno said in an interview with the Italian daily La Stampa published on Sunday. The ECB cut interest rates for the eighth time in a year earlier this month to support a sluggish recovery in the euro zone but clearly signalled a pause in July.