ECB's Praet: Economic expansion is not yet feeding through into higher inflation
|The ECB recently published an interview with Peter Praet, Member of the Executive Board of the ECB, with key quotes found below:
- The priority is to finalise the banking union, in other words to truly break the bank-sovereign nexus.
- The aim of the banking union is for banks to be able to manage their balance sheets as a single entity, regardless of their location in the euro area.
- A labour market that is too rigid in certain countries may inhibit the good functioning of the monetary union.
- Macron's reforms are very encouraging.
- Macroeconomic imbalance adjustments are not made via the exchange rate in the monetary union.
- Our main objective is to ensure price stability.
- Our monetary policy measures have played a key role in the economic recovery.
- The economic expansion that is under way is not yet feeding through into higher inflation.
- We had concluded that we would decide in the autumn on the calibration of our purchase programme for the period beyond the end of the year.
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