ECB’s Praet: UK has committed a major mistake

The European Central Bank (ECB) Chief Economist Peter Praet crossed the wires now, expressing his take on Brexit.

Key Headlines via Spiegel:

UK has committed a major mistake

 "Light at the end of the tunnel”, Inflation expected to pick up ‘eventually’

"In my opinion, the British have made a big mistake. The country has put itself in a very difficult situation. The damage is there, the British economic growth is already slowing down. Now it is only about minimizing the negative impact"

"The Germans complain because interest rates are so low. We understand that. But the Germans would have to take into account that the ECB had also protected them, the creditors, in the financial and euro crisis.”