Continuing with his keynote speech at UBS’ European Conference in London, the ECB chief economist Peter Praet was further noted saying that the central bank should look through recent slowdown signs.
Key quotes:
“¢ Growth is going to be bumpy.
“¢ ECB will go carefully in the normalization process.
“¢ Brexit and Italy are some of the difficult issues.
“¢ Protectionist fears are only now starting to hit confidence indicators.
“¢ Risks from protectionism more to the downside.
“¢ Volatility in oil prices makes base scenario very difficult to communicate.
“¢ Economic conditions would have to deteriorate very substantially to envisage going to non-conventional measures.
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