ECB is committed to keeping policy ultra easy: Praet

October 6, 2016 4:29 PM EDT

ECB's Peter Praet attends the 2016 Institute of International Finance (IIF) Spring Membership meeting in Madrid, Spain, May 25, 2016. REUTERS/Susana Vera


Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.

FRANKFURT (Reuters) - The European Central Bank is committed to keeping its monetary policy ultra easy to bring euro area inflation back to its objective of almost 2 percent, ECB chief economist Peter Praet said on Thursday.

"We therefore remain committed to preserving the very substantial amount of monetary support that is embedded in our staff projections and that – barring a fundamental change in sentiment and in the underlying momentum driving the recovery – remains necessary to secure a return of inflation (target)," Praet said in a speech in Washington.

(Reporting By Francesco Canepa; Editing by Hugh Lawson)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Related Entities

European Central Bank

Add Your Comment