Peter Praet -On maintaining the price Stability with unconventional monitory policy

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Speech by Peter Praet, Member of the Executive Board of the ECB, at the Council of the European Union, Brussels, 29 January 2018

ECB’s Praet: Once GC Judges That The Three Criteria For Sustained Adjustment Have Been Met, Net Asset Purchases Will Expire, In Line With Our Guidance

ECB’s Praet: Transition Towards A Normalization Will Begin Once We Have Established A Sustained Adjustment In The Path Of Inflation

The Concluding Part was ,

  • Monetary policy will evolve in data dependent and Consistent manner, Once the governing Council Judges that the three criteria for sustained adjustment have been met,net asset purchases will expire ,in line with ECB’s guidance .
  • ECB’s ensuring that financial conditions remain consistent with a sustained adjustment of inflation.
After the speech euro seems to some recovery from the levels 1.2400 levels .

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