The world economy is improving at a much faster pace than forecast but government and central bank stimulus must stay in place, European Central Bank Governing Council member Christian Noyer said today.
"Since the spring we've had positive signs, we see an increasing number of improvements," he said on Europe 1 radio.
"Without question, it is going more quickly than most forecasts." However, he said it was important to remain cautious since unemployment continued to rise so stimulus must stay in place.
"Central banks have decided to continue their policy of economic support for the moment," he said.
Mr Noyer also said it was important for currencies to remain stable to allow the world economy to continue its recovery.
"We will be very attentive to that," he said.
Reuters