Eurozone not ready for normalization yet says ECB’s Praet

By Sam Kerr
28 Sep 2017

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.