ECB can afford to wind down asset buys: Makuch

BRATISLAVA (Reuters) – The European Central Bank’s 2.55 trillion euro ($2.99 trillion)bond purchase program has achieved what it could and the bank can now afford to wind it down, Governing Council member Jozef Makuch told reporters on Wednesday.

Makuch added that he was confident inflation would rise in the coming years and would hit the ECB’s elusive target of almost 2 percent in 2020-2021.

“The crucial thing is that we are returning to normal, to normal policies,” he said.

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