Free Trial

ECB Exec Board member Peter Praet said today....>

ECB
ECB: ECB Exec Board member Peter Praet said today in a Frankfurt speech that
"patience is required for inflationary pressures to show through convincingly in
the data. The euro area's economic environment is improving, and the negative
tail risks to inflation expectations, which were so visible at the start of our
asset purchase program, have virtually disappeared."
- He also said, "But measured inflation rates are exceedingly volatile and
metrics of underlying price pressures remain anemic. The entire distribution of
inflation expectations still needs to shift a fair distance to the right. We
must also be persistent with the use of our policy instruments to ensure a
durable and self-sustained return of inflation towards a level that is below,
but close to, 2% over a meaningful medium-term horizon."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.