Below are some key takeaways from the speech by Peter Praet, Member of the Executive Board of the ECB, at the Money, delivered at Macro and Finance Research Group Conference on the Resilience of the Global Financial Architecture, London, 27 September 2018.
- At this stage of the cycle, careful monitoring of the risk-taking channel of monetary policy is important.
- There is no evidence of excessive misalignment across asset classes in the euro area right now.
- There are signs that valuations are stretched in specific market segments.
- Incoming data continue to support our confidence that the sustained convergence of inflation to our aim will proceed.
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