Important that inflation expectations are anchored – ECB’s Praet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The European Central Bank (ECB) board member Peter Praet while delivering a keynote speech in Frankfurt on Thursday reiterates that downside risks to the Eurozone persists and sees the 19-nation bloc’s GDP to return to Q1 2008 levels in early 2016.

    Key Quotes:

    Governing council has rich discussion about balance sheet adjustment

    Governing council is strong behind decisions taken

    See confirmed downside risks in emerging markets

    Incoming data shows cyclical recovery confirmed

    Incoming data shows we're leaving very long recession

    Downside risks prevailing, tail risks have receded to an extent

    Important that inflation expectations are anchored for Mon policy to be transmitted

    Transmission to inflation slower than expected

    EMU GDP will return to Q1 2008 level in Q1 2016

    Investment still depressed

    Commodity prices ex oil have continued to fall, due to demand

    Environment characterised by uncertainty
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