ECB’s Hansson: inflation will rebound so stay patient

FRANKFURT (Reuters) – Euro zone inflation will eventually pick up as the economy grows but the European Central Bank needs to remain patient in providing stimulus, ECB policymaker Ardo Hansson said on Wednesday.

“The recent low inflation in the euro area has been the result of a combination of factors,” Hansson said in a lecture. “Most of them are of a temporary nature and their impact will weaken over time.

“Therefore we need to be more patient in achieving our price stability goal,” he said, referring to the ECB’s process of removing unconventional tools and normalizing policy.

Hansson said he took comfort in the relative stability of the ECB’s projections, which has shown an upward path in consumer prices over the coming years.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.