FOREX TradingCharts.com

Financial News: ECB's Praet Says Not Yet Sufficiently Confident On

ECB's Praet Says Not Yet Sufficiently Confident On Inflation

03/30/2017 - 08:11:00 (RTTNews)

(RTTNews) - Eurozone economic recovery is gaining momentum, but this has not contributed to a durable strengthening of inflation dynamics, European Central Bank Executive Board member Peter Praet said Thursday.

"We are not yet sufficiently confident that inflation will converge to levels consistent with our aim in a durable manner," Praet said at an event in Berlin.

"Inflation dynamics still remain reliant on the very substantial degree of monetary accommodation which prevails."

The recent spike in inflation was largely driven by higher energy and food prices, Praet, who is the ECB chief economist, said. Underlying price pressures remain subdued, he added.

Eurozone's cyclical recovery is gaining momentum, broadening across sectors and countries, Praet said. While the economic outlook is now better than it has been for many years, downside risks remain, albeit less pronounced than they once were, he noted.

"Against this background, the Governing Council has reaffirmed its monetary policy stance, including its forward guidance, in order to secure a sustained convergence in inflation towards our aim objective," Praet said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Nearly Unchanged In April (09 hr(s), 05 min(s), 46 sec(s) ago)
(RTTNews) - After initially reporting an improvement in U.S. consumer sentiment in the month of Ap ...Full Story»

Chicago Business Barometer Unexpectedly Indicates Faster Growth In April (09 hr(s), 25 min(s), 46 sec(s) ago)
(RTTNews) - A report released by MNI Indicators on Friday showed an unexpected acceleration in the ...Full Story»

Eurozone Inflation Climbs To ECB Target (09 hr(s), 50 min(s), 46 sec(s) ago)
(RTTNews) - Eurozone inflation accelerated more-than-expected in April, returning within the Europ ...Full Story»

U.S. Economic Growth Slows More Than Expected In Q1 (10 hr(s), 30 min(s), 46 sec(s) ago)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story»

ECB Forecasters Revise Up Growth & Inflation Expectations (10 hr(s), 46 min(s), 46 sec(s) ago)
(RTTNews) - Professional forecasters expect euro area consumer prices to rise faster than earlier ...Full Story»

UK Growth At 1-Year Low As 'Brexit' Weighs On Spending (10 hr(s), 56 min(s), 46 sec(s) ago)
(RTTNews) - The U.K. economy expanded the least in a year at the start of 2017, reflecting a notab ...Full Story»

U.S. GDP Increases Less Than Expected In Q1 (11 hr(s), 03 min(s), 46 sec(s) ago)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story»

Sweden Retail Sales Growth Eases Unexpectedly (11 hr(s), 23 min(s), 46 sec(s) ago)
(RTTNews) - Sweden's retail sales growth eased unexpectedly in March, after accelerating in th ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Nearly Unchanged In April

04/28/2017 - 10:35 AM (RTTNews)
(RTTNews) - After initially reporting an improvement in U.S. consumer sentiment in the month of Ap ...Full Story>>

Chicago Business Barometer Unexpectedly Indicates Faster Growth In April

04/28/2017 - 10:15 AM (RTTNews)
(RTTNews) - A report released by MNI Indicators on Friday showed an unexpected acceleration in the ...Full Story>>

Eurozone Inflation Climbs To ECB Target

04/28/2017 - 09:50 AM (RTTNews)
(RTTNews) - Eurozone inflation accelerated more-than-expected in April, returning within the Europ ...Full Story>>

U.S. Economic Growth Slows More Than Expected In Q1

04/28/2017 - 09:10 AM (RTTNews)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story>>

ECB Forecasters Revise Up Growth & Inflation Expectations

04/28/2017 - 08:54 AM (RTTNews)
(RTTNews) - Professional forecasters expect euro area consumer prices to rise faster than earlier ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.