Eurozone not ready for normalization yet says ECB’s Praet
Despite rampant market speculation that the European Central Bank (ECB) is gearing up to unveil its tapering programme in October, Peter Praet, member of the executive board of the ECB, indicated that the bank is not ready yet to commit to monetary normalisation.
While many observers think that the ECB has waited long enough to start normalising, Praet said that the bank was waiting for proof that the eurozone could achieve a sustainable level of inflation at 2% before changing its path.
“On inflation what we want to communicate is that the
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