ECB more confident it will reach inflation target: Praet

FRANKFURT (Reuters) – The European Central Bank has grown more confident that it will reach its inflation target of just under 2 percent after lagging it for nearly five years, its chief economist said on Thursday.

“The recalibration of our asset purchases (last month) reflects growing confidence in the gradual convergence of inflation rates towards our inflation aim,” Peter Praet told an event in Brussels.

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