ECB Praet: subdued inflation, yet no deflation

Ross J Burland FXStreet

ECB's Praet was hitting the wires and said that deflation risks have disappeared yet inflation will remain subdued.

Key Quotes via RTRS:

Euro area recovery remains solid, broad-based and resilient, the economy has yet to make sufficient progress towards governing council's aim
Says in more normal market conditions, the market become "more patient"
May be better able to evaluate the stimulus that can be expected to come from a purchase plan that is to be executed over a more extended time interval
Monetary policy impulse that is still necessary to secure a sustained adjustment in the path of inflation in a way that is consistent with our monetary policy aim
Says in more normal market conditions investors may become "more patient", or, in other words, better able to evaluate the stimulus
Says we are still some distance away from a sustained adjustment

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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