ECB’s Praet: Talk of monetary accommodation exit is premature

Dhwani Mehta FXStreet

ECB executive board member and chief economist Peter Praet crossed the wires last minutes, via Reuters, commenting on the monetary policy program and inflation outlook.

Key Points:

Euro Area doing better, return to Lira won't solve Italy's problems

Italy low growth shows acute structural problems

Inflation risk in Euro area gone

Talk of monetary accommodation exit is premature

Deflation risk in Euro area gone

More slack in labour market than jobs data shows

ECB didn't discuss sequencing

Doubts about multilaterilism worrying

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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