Reuters logo
Euro zone inflation seems to have bottomed out: ECB's Smets
September 14, 2017 / 7:34 AM / 8 days ago

Euro zone inflation seems to have bottomed out: ECB's Smets

LJUBLJANA, Sept 14 (Reuters) - Inflation in the euro zone appears to have bottomed out, European Central Bank policymaker Jan Smets said on Thursday.

Addressing a conference in Ljubljana, Smets also noted that ECB rate-setters decided last week that very easy monetary policy was still needed to bring inflation to the bank’s target of just under 2 percent.

“Inflation appears to have bottomed out,” Smets, who is also Belgium’s central bank governor, said.

The ECB is debating whether and how to scale back its monetary stimulus programme, and a decision on the future of the 2.3 trillion euro ($2.73 trillion) scheme is expected in October.

$1 = 0.8412 euros Reporting By Francesco Canepa and Marja Novak; editing by John Stonestreet

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below