ECB’s Praet: Inflation developments remain subdued

ECB’s Praet in Frankfurt

  • Monetary policy will evolve in a data-dependent way
  • There appears to be a disconnect between growth and inflation
  • Ample degree of monetary policy stimulus remains necessary

Could it be that globalization allows you to export inflation? Or that there is still a massive amount of unemployment in southern Europe? No, it’s a disconnect.

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