In an interview with German daily Handelsblatt, the ECB’s chief economist Peter Praet argued that the core inflation at around 1% would be enough to reach the bank’s aim in a sustained manner.
Key quotes (via Reuters)
- Downside risks have increased, but at this stage we still think that the picture remains broadly balanced.
- Confident that underlying inflation pressures are rising, but it will take time and it requires monetary policy to remain accommodative.
- Premature to decide on a new TLTRO now.
- Too early to discuss any adjustment to our key interest rates and their constellation.
- I will clearly have to leave before the normalisation of our monetary policy.
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