“Today’s term structure of money market interest rates embodies a very moderate pace of rate rises beyond the expected date of lift-off,” ECB chief economist Peter Praet explained at a conference in New York.
Key quotes (via Reuters)
- The euro area economy continues to expand at a rate that is above potential.
- Confident that the sustained convergence of inflation to our aim will proceed.
- Ample degree of monetary accommodation remains necessary.
- Communication on policy adjustments beyond the first rate hike will become increasingly important.
Share
