ECB Executive board member Peter Praet speaking
- The state of monetary policy transmission can be expected to influence the monetary policy stance
- baseline scenario for future inflation remains contingent on easy financing conditions
- Measured inflation rates are exceedingly volatile and metrics of underlying price pressures remain weak
- Strength and resilience of the recovery tends to foster our confidence that reflationary forces will gradually take inflation to target
- Downside risks primarily global factors, exchange rate
- Investment outlook is positive
- Risks to growth outlook are broadly balanced
- ECB to recalibrate tools to deliver sustained inflation
Cautiously optimistic.
