The ECB's monetary policy will not change in....>

ECB: The ECB's monetary policy will not change in response to the German

Constitutional Court's ruling against the Public Sector Purchase Programme,

Executive Board member Isabel Schnabel said in an interview with the Financial

Times published Wednesday. For longer excerpts see Bullets beginning 0407BST. 

- The Governing Council is likely to use staff inflation forecasts due to be

unveiled at the June 4 meeting to help decide whether an increase in the size

and composition of the newer Pandemic Emergency Purchase Programme is required,

she added.

- Schnabel also ventured into the area of euro area government bond yield

spreads, saying the ECB was watching spreads closely and would move to act if a

widening of spreads lead to a market dysfunction.